CompoSecure’s (CMPO) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a $15.00 price target on the stock.

A number of other research firms also recently weighed in on CMPO. JPMorgan Chase & Co. dropped their price target on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, March 6th. Lake Street Capital dropped their price target on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, CompoSecure has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

CompoSecure Price Performance

CMPO opened at $12.61 on Tuesday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -28.66, a price-to-earnings-growth ratio of 2.63 and a beta of 0.87. The firm has a 50 day simple moving average of $10.96 and a 200 day simple moving average of $13.74. CompoSecure has a fifty-two week low of $5.98 and a fifty-two week high of $17.71.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The business had revenue of $103.90 million during the quarter, compared to the consensus estimate of $103.22 million. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%. As a group, analysts expect that CompoSecure will post 1.02 EPS for the current year.

Insider Activity at CompoSecure

In other news, CRO Amanda Mandy Gourbault sold 9,622 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the transaction, the executive now owns 821,782 shares in the company, valued at $13,222,472.38. This represents a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adam Joseph Lowe sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the transaction, the insider now owns 1,481,036 shares of the company’s stock, valued at $16,306,206.36. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,340 shares of company stock worth $430,701. 74.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PDT Partners LLC acquired a new position in shares of CompoSecure in the first quarter valued at approximately $2,157,000. First Manhattan CO. LLC. acquired a new position in shares of CompoSecure in the first quarter valued at approximately $3,136,000. Sculptor Capital LP acquired a new position in shares of CompoSecure in the first quarter valued at approximately $299,000. Corsair Capital Management L.P. acquired a new position in shares of CompoSecure in the first quarter valued at approximately $19,901,000. Finally, State of Wyoming boosted its holdings in CompoSecure by 17.5% during the first quarter. State of Wyoming now owns 120,651 shares of the company’s stock worth $1,311,000 after purchasing an additional 18,003 shares during the last quarter. Institutional investors and hedge funds 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.