CompoSecure (NASDAQ:CMPO) Stock Rating Reaffirmed by Benchmark

CompoSecure (NASDAQ:CMPO)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $8.00 target price on the stock. Benchmark’s price target would indicate a potential upside of 19.58% from the company’s current price.

Separately, B. Riley raised their price objective on CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.83.

CompoSecure Price Performance

CMPO stock opened at $6.69 on Wednesday. CompoSecure has a 1-year low of $4.61 and a 1-year high of $7.56. The business has a 50 day simple moving average of $6.09 and a two-hundred day simple moving average of $5.66. The company has a market capitalization of $538.75 million, a price-to-earnings ratio of 7.35 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last issued its earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $99.90 million during the quarter, compared to analyst estimates of $95.86 million. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. Sell-side analysts anticipate that CompoSecure will post 1.09 EPS for the current fiscal year.

Hedge Funds Weigh In On CompoSecure

Several hedge funds have recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC boosted its position in shares of CompoSecure by 20.5% during the third quarter. Impact Partnership Wealth LLC now owns 11,268 shares of the company’s stock valued at $73,000 after buying an additional 1,916 shares during the period. AE Wealth Management LLC purchased a new position in CompoSecure during the 3rd quarter valued at $74,000. Skandinaviska Enskilda Banken AB publ purchased a new position in CompoSecure during the 3rd quarter valued at $150,000. Allspring Global Investments Holdings LLC grew its position in CompoSecure by 67.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after acquiring an additional 10,259 shares during the last quarter. Finally, Kerrisdale Advisers LLC purchased a new stake in CompoSecure in the third quarter worth $267,000. 37.56% of the stock is currently owned by institutional investors.

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.