Benchmark Increases CompoSecure (NASDAQ:CMPO) Price Target to $10.00

CompoSecure (NASDAQ:CMPO - Free Report) had its target price increased by Benchmark from $8.00 to $10.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.

CMPO has been the topic of several other research reports. Needham & Company LLC restated a buy rating and set a $15.00 target price on shares of CompoSecure in a research report on Tuesday. B. Riley increased their price objective on CompoSecure from $14.00 to $17.00 and gave the stock a buy rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, CompoSecure currently has an average rating of Moderate Buy and an average target price of $12.17.

CompoSecure Stock Up 3.9 %

CMPO traded up $0.28 during trading hours on Tuesday, hitting $7.53. The stock had a trading volume of 1,129,064 shares, compared to its average volume of 208,334. CompoSecure has a 1 year low of $4.61 and a 1 year high of $8.16. The company's fifty day simple moving average is $6.45 and its 200 day simple moving average is $5.71. The stock has a market cap of $606.39 million, a PE ratio of 8.27 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO - Get Free Report) last posted its earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $99.90 million during the quarter, compared to the consensus estimate of $95.86 million. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. As a group, equities analysts expect that CompoSecure will post 1.09 EPS for the current year.

Institutional Trading of CompoSecure

A number of large investors have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ purchased a new stake in CompoSecure in the third quarter valued at approximately $150,000. Allspring Global Investments Holdings LLC increased its holdings in shares of CompoSecure by 67.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company's stock worth $164,000 after buying an additional 10,259 shares during the last quarter. Kerrisdale Advisers LLC purchased a new stake in shares of CompoSecure during the 3rd quarter valued at $267,000. GSA Capital Partners LLP lifted its holdings in shares of CompoSecure by 87.9% during the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company's stock worth $751,000 after acquiring an additional 48,586 shares during the last quarter. Finally, B. Riley Asset Management LLC grew its position in CompoSecure by 264.9% in the third quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company's stock worth $1,606,000 after acquiring an additional 180,705 shares in the last quarter. 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.