Q2 2023 EPS Estimates for CompoSecure, Inc. Cut by Analyst (NASDAQ:CMPO)

CompoSecure, Inc. (NASDAQ:CMPOGet Rating) – Equities research analysts at B. Riley lowered their Q2 2023 earnings estimates for shares of CompoSecure in a research report issued to clients and investors on Tuesday, May 10th. B. Riley analyst S. Moss now anticipates that the company will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.30.

Several other brokerages also recently weighed in on CMPO. Zacks Investment Research upgraded shares of CompoSecure from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research report on Tuesday. Needham & Company LLC assumed coverage on shares of CompoSecure in a research report on Friday, January 28th. They set a “buy” rating and a $14.00 price target on the stock.

CompoSecure stock opened at $6.70 on Wednesday. The business has a 50-day simple moving average of $7.32. CompoSecure has a 1 year low of $5.77 and a 1 year high of $10.69.

In related news, major shareholder Lp Bleichroeder purchased 239,427 shares of the firm’s stock in a transaction that occurred on Wednesday, April 13th. The stock was acquired at an average cost of $7.03 per share, for a total transaction of $1,683,171.81. Following the completion of the acquisition, the insider now owns 1,827,688 shares in the company, valued at approximately $12,848,646.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Tikvah Management Llc bought 9,104 shares of CompoSecure stock in a transaction on Monday, February 14th. The stock was acquired at an average price of $7.24 per share, with a total value of $65,912.96. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 984,176 shares of company stock valued at $7,153,577.

Several institutional investors have recently modified their holdings of CMPO. Bank of America Corp DE bought a new position in CompoSecure during the fourth quarter worth $40,000. Penserra Capital Management LLC bought a new stake in CompoSecure in the 4th quarter valued at $41,000. Qube Research & Technologies Ltd bought a new stake in CompoSecure in the 1st quarter valued at $89,000. Stifel Financial Corp bought a new stake in CompoSecure in the 4th quarter valued at $135,000. Finally, B. Riley Wealth Management Inc. bought a new stake in CompoSecure in the 4th quarter valued at $328,000.

About CompoSecure (Get Rating)

CompoSecure, Inc manufactures and designs metal, plastic, composite ID, 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 comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.

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Earnings History and Estimates for CompoSecure (NASDAQ:CMPO)

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