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

Key Points

• Benchmark has raised its price target for CompoSecure (NASDAQ:CMPO) from $14.00 to $17.00, while maintaining a "buy" rating.
• The company reported a quarterly EPS of $0.25, exceeding the consensus estimate of $0.19, alongside revenues of $103.90 million.
• CompoSecure has attracted significant institutional interest, with GAMMA Investing increasing its position by an impressive 1,524.4% in the first quarter.

CompoSecure (NASDAQ:CMPO - Get Free Report) had its price target raised by equities research analysts at Benchmark from $14.00 to $17.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Benchmark's price target indicates a potential downside of 1.65% from the stock's current price.

A number of other equities analysts have also commented on CMPO. Wall Street Zen lowered shares of CompoSecure from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of CompoSecure in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.19.

CompoSecure Price Performance

Shares of CompoSecure stock traded up $2.89 on Friday, hitting $17.29. The company had a trading volume of 1,625,837 shares, compared to its average volume of 909,664. The business has a 50-day simple moving average of $14.22 and a 200-day simple moving average of $13.19. The company has a market cap of $1.77 billion, a PE ratio of -15.80 and a beta of 0.94. CompoSecure has a 52 week low of $9.24 and a 52 week high of $17.71.

CompoSecure (NASDAQ:CMPO - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.06. CompoSecure had a negative return on equity of 33.46% and a negative net margin of 15.36%. The company had revenue of $103.90 million for the quarter, compared to analysts' expectations of $103.22 million. On average, equities research analysts predict that CompoSecure will post 1.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in CompoSecure by 1,524.4% during the first quarter. GAMMA Investing LLC now owns 2,794 shares of the company's stock worth $30,000 after acquiring an additional 2,622 shares in the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of CompoSecure in the first quarter valued at about $43,000. AlphaQuest LLC bought a new position in shares of CompoSecure in the first quarter valued at about $72,000. KLP Kapitalforvaltning AS bought a new position in CompoSecure during the fourth quarter worth about $75,000. Finally, Summit Securities Group LLC acquired a new stake in CompoSecure during the first quarter worth about $107,000. Institutional investors and hedge funds 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.

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