CompoSecure (NASDAQ:CMPO) Given New $18.00 Price Target at B. Riley

CompoSecure (NASDAQ:CMPO - Get Free Report) had its target price boosted by analysts at B. Riley from $17.00 to $18.00 in a report issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley's price objective would indicate a potential upside of 169.06% from the company's previous close.

A number of other analysts have also recently commented on the company. Benchmark lifted their price target on CompoSecure from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $15.00 target price on shares of CompoSecure in a report on Tuesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.33.

CompoSecure Price Performance

NASDAQ CMPO traded down $0.08 on Friday, hitting $6.69. The stock had a trading volume of 402,743 shares, compared to its average volume of 232,827. CompoSecure has a 52-week low of $4.61 and a 52-week high of $8.16. The business's fifty day moving average price is $6.55 and its 200 day moving average price is $5.73. The stock has a market cap of $538.75 million, a price-to-earnings ratio of 7.33 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. CompoSecure had a negative return on equity of 10.41% and a net margin of 4.82%. The company had revenue of $99.90 million during the quarter, compared to analysts' expectations of $95.86 million. As a group, sell-side analysts anticipate that CompoSecure will post 1.09 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Cannell Capital LLC increased its holdings in shares of CompoSecure by 70.0% during the 3rd quarter. Cannell Capital LLC now owns 1,768,921 shares of the company's stock worth $11,410,000 after buying an additional 728,424 shares during the last quarter. Grizzlyrock Capital LLC acquired a new position in shares of CompoSecure in the 4th quarter valued at $3,223,000. Potomac Capital Management Inc. grew its holdings in shares of CompoSecure by 169.0% during the 3rd quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company's stock worth $2,843,000 after purchasing an additional 276,890 shares during the period. Wellington Management Group LLP increased its position in shares of CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company's stock worth $3,248,000 after purchasing an additional 246,094 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC purchased a new stake in CompoSecure in the 1st quarter valued at about $1,424,000. 37.56% of the stock is owned by institutional investors and hedge funds.

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.