CompoSecure (NASDAQ:CMPO) Price Target Raised to $18.00

CompoSecure (NASDAQ:CMPO) had its price target raised by Lake Street Capital from $14.00 to $18.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on CMPO. Benchmark raised their price target on CompoSecure from $12.00 to $17.00 and gave the company a buy rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. boosted their price target on shares of CompoSecure from $8.00 to $12.00 and gave the stock a neutral rating in a research note on Tuesday, August 20th. Needham & Company LLC increased their target price on CompoSecure from $15.00 to $16.00 and gave the company a buy rating in a research note on Thursday, August 8th. Compass Point lifted their price target on CompoSecure from $11.50 to $14.50 and gave the stock a buy rating in a research note on Tuesday, August 20th. Finally, Bank of America raised their price objective on CompoSecure from $9.00 to $10.00 and gave the company a buy rating in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $15.07.

CompoSecure Stock Up 2.4 %

Shares of CMPO stock opened at $13.93 on Wednesday. The company has a 50 day moving average of $11.50 and a 200-day moving average of $8.49. CompoSecure has a 12-month low of $4.61 and a 12-month high of $14.20. The firm has a market cap of $1.12 billion, a P/E ratio of 14.36, a PEG ratio of 1.00 and a beta of 0.78.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Wednesday, August 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. CompoSecure had a negative return on equity of 11.78% and a net margin of 6.33%. The firm had revenue of $108.57 million for the quarter, compared to the consensus estimate of $102.22 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. As a group, equities analysts expect that CompoSecure will post 1.1 EPS for the current year.

Insider Activity

In other news, insider Adam Joseph Lowe sold 5,730 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $12.05, for a total value of $69,046.50. Following the completion of the transaction, the insider now owns 1,292,219 shares of the company’s stock, valued at approximately $15,571,238.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Adam Joseph Lowe sold 5,730 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $12.05, for a total transaction of $69,046.50. Following the sale, the insider now owns 1,292,219 shares of the company’s stock, valued at $15,571,238.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Amanda Mandy Gourbault sold 130,859 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $11.08, for a total transaction of $1,449,917.72. Following the transaction, the executive now directly owns 908,641 shares of the company’s stock, valued at $10,067,742.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,867,586 shares of company stock valued at $82,870,442. Company insiders own 74.99% of the company’s stock.

Institutional Trading of CompoSecure

A number of institutional investors and hedge funds have recently modified their holdings of CMPO. CWM LLC boosted its holdings in CompoSecure by 205.9% in the second quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after purchasing an additional 2,461 shares during the last quarter. Rhumbline Advisers grew its position in CompoSecure by 17.3% during the second quarter. Rhumbline Advisers now owns 19,521 shares of the company’s stock valued at $133,000 after buying an additional 2,877 shares during the period. Bank of New York Mellon Corp raised its holdings in CompoSecure by 16.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,031 shares of the company’s stock worth $340,000 after purchasing an additional 6,891 shares during the period. Sandia Investment Management LP bought a new position in shares of CompoSecure in the second quarter worth about $68,000. Finally, Ritholtz Wealth Management purchased a new position in CompoSecure during the second quarter valued at approximately $84,000. 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.