CompoSecure (NASDAQ:CMPO) Lifted to “Buy” at Zacks Investment Research

CompoSecure (NASDAQ:CMPOGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, reports. The firm presently has a $8.25 price target on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 9.56% from the stock’s current price.

According to Zacks, “CompoSecure Inc. is a provider of premium financial payment cards and an emergent provider of cryptocurrency storage and security solutions. CompoSecure Inc., formerly known as DBDR Tech Acquisition Corp., is based in SOMERSET, N.J. “

Several other research firms also recently commented on CMPO. B. Riley boosted their target price on shares of CompoSecure from $17.00 to $18.00 in a research report on Tuesday, May 10th. Needham & Company LLC initiated coverage on shares of CompoSecure in a research report on Friday, January 28th. They set a “buy” rating and a $14.00 target price for the company.

CMPO traded up $0.21 during midday trading on Wednesday, hitting $7.53. The company had a trading volume of 57,611 shares, compared to its average volume of 155,046. CompoSecure has a 52 week low of $5.77 and a 52 week high of $10.69. The stock’s 50 day simple moving average is $7.27.

CompoSecure (NASDAQ:CMPOGet Rating) last posted its earnings results on Monday, May 9th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $84.18 million for the quarter, compared to the consensus estimate of $76.50 million. As a group, analysts forecast that CompoSecure will post 0.52 earnings per share for the current fiscal year.

In other news, major shareholder Tikvah Management Llc acquired 5,647 shares of CompoSecure stock in a transaction on Wednesday, April 27th. The stock was acquired at an average cost of $7.27 per share, with a total value of $41,053.69. Following the transaction, the insider now owns 2,749,412 shares of the company’s stock, valued at approximately $19,988,225.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jonathan Wilk bought 20,000 shares of the company’s stock in a transaction on Thursday, May 12th. The stock was bought at an average price of $6.09 per share, for a total transaction of $121,800.00. Following the completion of the purchase, the chief executive officer now owns 1,592,831 shares of the company’s stock, valued at $9,700,340.79. The disclosure for this purchase can be found here. Insiders acquired a total of 870,135 shares of company stock valued at $6,253,558 over the last ninety days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Bank of America Corp DE purchased a new position in CompoSecure in the fourth quarter valued at about $40,000. B. Riley Wealth Management Inc. purchased a new stake in shares of CompoSecure during the 4th quarter valued at approximately $328,000. B. Riley Financial Inc. purchased a new stake in shares of CompoSecure during the 4th quarter valued at approximately $2,697,000. Geode Capital Management LLC purchased a new stake in shares of CompoSecure during the 4th quarter valued at approximately $417,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of CompoSecure during the 4th quarter valued at approximately $1,404,000.

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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