CompoSecure (NASDAQ:CMPO) Earns Buy Rating from Needham & Company LLC

CompoSecure (NASDAQ:CMPO - Get Free Report)'s stock had its "buy" rating restated by research analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $15.00 price target on the stock. Needham & Company LLC's price target indicates a potential upside of 17.19% from the stock's current price.

CMPO has been the topic of a number of other reports. Lake Street Capital cut their target price on CompoSecure from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. JPMorgan Chase & Co. cut their target price on CompoSecure from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure Stock Performance

Shares of CompoSecure stock traded up $0.19 on Tuesday, reaching $12.80. 734,481 shares of the company's stock were exchanged, compared to its average volume of 842,650. CompoSecure has a 52 week low of $5.98 and a 52 week high of $17.71. The firm's 50-day moving average is $11.00 and its two-hundred day moving average is $13.71. The company has a market capitalization of $1.31 billion, a P/E ratio of -29.09, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87.

CompoSecure (NASDAQ:CMPO - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.06. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The company had revenue of $103.90 million for the quarter, compared to analysts' expectations of $103.22 million. On average, analysts expect that CompoSecure will post 1.02 EPS for the current fiscal year.

Insider Activity at CompoSecure

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 233,070 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was purchased at an average cost of $16.57 per share, with a total value of $3,861,969.90. Following the transaction, the director now directly owns 879,963 shares in the company, valued at $14,580,986.91. This trade represents a 36.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the sale, the executive now directly owns 821,782 shares of the company's stock, valued at approximately $13,222,472.38. This represents a 1.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 34,340 shares of company stock valued at $430,701. 74.99% of the stock is owned by insiders.

Institutional Investors Weigh In On CompoSecure

Several large investors have recently made changes to their positions in CMPO. Barclays PLC increased its position in shares of CompoSecure by 474.6% during the 3rd quarter. Barclays PLC now owns 34,754 shares of the company's stock valued at $488,000 after purchasing an additional 28,706 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock worth $728,000 after acquiring an additional 44,018 shares during the period. Ritholtz Wealth Management grew its stake in shares of CompoSecure by 14.2% during the 4th quarter. Ritholtz Wealth Management now owns 48,976 shares of the company's stock worth $751,000 after acquiring an additional 6,104 shares during the period. Solidarity Wealth LLC bought a new position in shares of CompoSecure during the 4th quarter worth $2,152,000. Finally, Clear Harbor Asset Management LLC bought a new position in shares of CompoSecure during the 4th quarter worth $162,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

CompoSecure Company Profile

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.