CompoSecure, Inc. (NASDAQ:CMPO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $11.83.

A number of equities analysts have commented on the company. Benchmark reissued a “buy” rating and issued a $8.00 price objective on shares of CompoSecure in a research note on Wednesday. B. Riley lifted their price target on CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, March 7th.

CompoSecure Stock Up 4.3 %

Shares of CMPO stock opened at $6.98 on Friday. The company has a market capitalization of $562.12 million, a P/E ratio of 7.67 and a beta of 0.72. CompoSecure has a 12-month low of $4.61 and a 12-month high of $7.56. The firm has a 50-day moving average price of $6.13 and a 200 day moving average price of $5.67.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The company 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%. As a group, research analysts expect that CompoSecure will post 1.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in CompoSecure by 69.2% in the fourth quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock valued at $3,248,000 after acquiring an additional 246,094 shares during the last quarter. Grizzlyrock Capital LLC acquired a new position in CompoSecure during the 4th quarter valued at about $3,223,000. Cannell Capital LLC boosted its stake in shares of CompoSecure by 70.0% in the 3rd quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after purchasing an additional 728,424 shares during the last quarter. Kerrisdale Advisers LLC bought a new position in shares of CompoSecure in the 3rd quarter valued at about $267,000. Finally, Potomac Capital Management Inc. grew its position in shares of CompoSecure by 169.0% during the 3rd quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock worth $2,843,000 after buying an additional 276,890 shares during the period. 37.56% of the stock is currently owned by institutional investors.

CompoSecure Company Profile

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.