Benchmark Increases CompoSecure (NASDAQ:CMPO) Price Target to $17.00

CompoSecure (NASDAQ:CMPO) had its target price lifted by Benchmark from $12.00 to $17.00 in a research note published on Wednesday morning, Benzinga reports. Benchmark currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Needham & Company LLC raised their price objective on CompoSecure from $15.00 to $16.00 and gave the company a buy rating in a research report on Thursday, August 8th. JPMorgan Chase & Co. lifted their price target on CompoSecure from $8.00 to $12.00 and gave the stock a neutral rating in a research report on Tuesday, August 20th. Lake Street Capital assumed coverage on CompoSecure in a research report on Thursday, June 27th. They issued a buy rating and a $12.00 price target for the company. Bank of America lifted their price target on CompoSecure from $9.00 to $10.00 and gave the stock a buy rating in a research report on Thursday, August 8th. Finally, Compass Point lifted their price target on CompoSecure from $11.50 to $14.50 and gave the stock a buy rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $14.21.

CompoSecure Price Performance

Shares of CompoSecure stock opened at $13.46 on Wednesday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 13.88, a PEG ratio of 0.88 and a beta of 0.76. The business has a 50-day moving average price of $10.34 and a 200-day moving average price of $7.94. CompoSecure has a twelve month low of $4.61 and a twelve month high of $13.91.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $108.57 million during the quarter, compared to analyst estimates of $102.22 million. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. During the same quarter last year, the business posted $0.25 earnings per share. On average, equities analysts expect that CompoSecure will post 1.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other CompoSecure news, insider Adam Joseph Lowe sold 5,730 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total value of $69,046.50. Following the completion of the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CompoSecure news, insider Adam Joseph Lowe sold 5,730 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total value of $69,046.50. Following the completion of the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CRO Amanda Mandy Gourbault sold 130,859 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $11.08, for a total transaction of $1,449,917.72. Following the completion of the sale, the executive now directly owns 908,641 shares of the company’s stock, valued at approximately $10,067,742.28. The disclosure for this sale can be found here. Insiders sold a total of 10,867,586 shares of company stock valued at $82,870,442 over the last 90 days. Insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC raised its stake in shares of CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after acquiring an additional 2,461 shares in the last quarter. Sandia Investment Management LP bought a new stake in shares of CompoSecure during the second quarter valued at approximately $68,000. Ritholtz Wealth Management bought a new stake in shares of CompoSecure during the second quarter valued at approximately $84,000. Algert Global LLC bought a new position in CompoSecure in the second quarter worth approximately $84,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in CompoSecure in the first quarter worth approximately $91,000. Institutional investors own 37.56% of the company’s stock.

About CompoSecure

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.