Benchmark Raises CompoSecure (NASDAQ:CMPO) Price Target to $10.00

CompoSecure (NASDAQ:CMPO) had its target price hoisted by Benchmark from $8.00 to $10.00 in a report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on CMPO. Needham & Company LLC reaffirmed a buy rating and set a $15.00 price objective on shares of CompoSecure in a research report on Tuesday. B. Riley raised their price target on shares of CompoSecure from $14.00 to $17.00 and gave the company a buy rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $12.17.

CompoSecure Price Performance

Shares of CMPO opened at $7.53 on Tuesday. The firm has a market capitalization of $606.39 million, a price-to-earnings ratio of 8.27 and a beta of 0.72. The company has a 50-day moving average of $6.45 and a 200 day moving average of $5.71. CompoSecure has a 1-year low of $4.61 and a 1-year high of $8.16.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Skandinaviska Enskilda Banken AB publ acquired a new stake in CompoSecure in the 3rd quarter valued at $150,000. Allspring Global Investments Holdings LLC grew its position in shares of CompoSecure by 67.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after purchasing an additional 10,259 shares during the period. Kerrisdale Advisers LLC acquired a new stake in shares of CompoSecure in the third quarter valued at about $267,000. GSA Capital Partners LLP increased its stake in shares of CompoSecure by 87.9% during the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after purchasing an additional 48,586 shares in the last quarter. Finally, B. Riley Asset Management LLC raised its position in shares of CompoSecure by 264.9% during the 3rd quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock worth $1,606,000 after purchasing an additional 180,705 shares during the last quarter. Hedge funds and other institutional investors 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.