Needham & Company LLC Reaffirms Buy Rating for CompoSecure (NASDAQ:CMPO)

CompoSecure (NASDAQ:CMPO - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $15.00 price target on the stock. Needham & Company LLC's price target would suggest a potential upside of 17.19% from the stock's previous close.

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

CompoSecure Stock Up 1.5%

CompoSecure stock traded up $0.19 during mid-day trading on Tuesday, hitting $12.80. 734,481 shares of the company's stock traded hands, compared to its average volume of 840,332. The firm has a 50 day moving average price of $11.00 and a 200 day moving average price of $13.72. The company has a market cap of $1.31 billion, a PE ratio of -29.09, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. CompoSecure has a one year low of $5.98 and a one year high of $17.71.

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

Insiders Place Their Bets

In other CompoSecure news, insider Adam Joseph Lowe sold 18,818 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total value of $206,433.46. Following the completion of the transaction, the insider now directly owns 1,486,036 shares in the company, valued at $16,301,814.92. This trade represents a 1.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Resolute Compo Holdings Llc bought 233,070 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of $16.57 per share, with a total value of $3,861,969.90. Following the completion of the acquisition, the director now owns 879,963 shares of the company's stock, valued at approximately $14,580,986.91. This trade represents a 36.03% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 34,340 shares of company stock worth $430,701 over the last ninety days. 74.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Locust Wood Capital Advisers LLC grew its holdings in shares of CompoSecure by 60.3% during the first quarter. Locust Wood Capital Advisers LLC now owns 7,339,015 shares of the company's stock valued at $79,775,000 after buying an additional 2,759,872 shares in the last quarter. Bleichroeder LP grew its holdings in shares of CompoSecure by 1.6% during the fourth quarter. Bleichroeder LP now owns 3,856,966 shares of the company's stock valued at $59,127,000 after buying an additional 59,416 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of CompoSecure by 65.7% during the first quarter. Vanguard Group Inc. now owns 2,337,323 shares of the company's stock valued at $25,407,000 after buying an additional 926,389 shares in the last quarter. Cannell Capital LLC grew its holdings in shares of CompoSecure by 8.0% during the fourth quarter. Cannell Capital LLC now owns 2,278,726 shares of the company's stock valued at $34,933,000 after buying an additional 169,067 shares in the last quarter. Finally, Tyro Capital Management LLC grew its holdings in shares of CompoSecure by 1.2% during the fourth quarter. Tyro Capital Management LLC now owns 2,019,078 shares of the company's stock valued at $30,952,000 after buying an additional 23,468 shares in the last quarter. Hedge funds and other 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.