CompoSecure (NASDAQ:CMPO) Hits New 12-Month High Following Analyst Upgrade

CompoSecure, Inc. (NASDAQ:CMPO)’s share price hit a new 52-week high during mid-day trading on Tuesday after Benchmark raised their price target on the stock from $8.00 to $10.00. Benchmark currently has a buy rating on the stock. CompoSecure traded as high as $8.16 and last traded at $8.03, with a volume of 225478 shares trading hands. The stock had previously closed at $7.25.

Other equities research analysts also recently issued reports about the stock. B. Riley lifted their price target on shares of CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of CompoSecure in a report on Tuesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

Institutional Investors Weigh In On CompoSecure

Several large investors have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of CompoSecure during the third quarter worth approximately $150,000. Allspring Global Investments Holdings LLC grew its holdings in shares of CompoSecure by 67.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after buying an additional 10,259 shares during the last quarter. Kerrisdale Advisers LLC bought a new stake in shares of CompoSecure during the third quarter worth about $267,000. GSA Capital Partners LLP raised its holdings in shares of CompoSecure by 87.9% in the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after acquiring an additional 48,586 shares during the last quarter. Finally, B. Riley Asset Management LLC raised its holdings in shares of CompoSecure by 264.9% in the 3rd quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock worth $1,606,000 after acquiring an additional 180,705 shares during the last quarter. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Trading Up 3.9 %

The company’s 50-day moving average is $6.45 and its two-hundred day moving average is $5.71. The firm has a market cap of $606.39 million, a P/E ratio of 8.27 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $99.90 million during the quarter, compared to the consensus estimate of $95.86 million. CompoSecure had a net margin of 4.82% and a negative return on equity of 10.41%. Research analysts anticipate that CompoSecure, Inc. will post 1.09 EPS for the current fiscal year.

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.