CompoSecure (NASDAQ:CMPO) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

CompoSecure (NASDAQ:CMPO) announced its earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04, Zacks reports. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%.

CompoSecure Stock Performance

CompoSecure stock traded down $0.06 during midday trading on Wednesday, hitting $12.02. 1,525,053 shares of the company’s stock were exchanged, compared to its average volume of 719,597. CompoSecure has a 12 month low of $4.61 and a 12 month high of $17.71. The firm has a 50-day moving average of $15.26 and a two-hundred day moving average of $14.60. The company has a market cap of $1.06 billion, a PE ratio of -27.32, a P/E/G ratio of 2.63 and a beta of 0.78.

Wall Street Analysts Forecast Growth

CMPO has been the topic of several recent analyst reports. B. Riley increased their target price on shares of CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research note on Monday, December 2nd. Needham & Company LLC reissued a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. TD Cowen assumed coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Benchmark reaffirmed a “buy” rating and issued a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.81.

Insiders Place Their Bets

In other CompoSecure news, Director Resolute Compo Holdings Llc bought 221,186 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the acquisition, the director now directly owns 221,186 shares in the company, valued at approximately $3,320,001.86. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Adam Joseph Lowe sold 34,310 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.24, for a total transaction of $557,194.40. Following the transaction, the insider now owns 1,315,068 shares in the company, valued at approximately $21,356,704.32. The trade was a 2.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have acquired 659,376 shares of company stock worth $10,429,021 and have sold 166,319 shares worth $2,686,288. 74.99% of the stock is owned by company insiders.

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.