Needham & Company LLC Reiterates “Buy” Rating for CompoSecure (NASDAQ:CMPO)

Needham & Company LLC restated their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a report released on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a $15.00 target price on the stock.

Several other analysts have also recently commented on the stock. Benchmark restated a buy rating and set a $8.00 price target on shares of CompoSecure in a report on Wednesday, April 24th. B. Riley lifted their target price on shares of 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $12.17.

CompoSecure Stock Up 3.9 %

Shares of NASDAQ:CMPO opened at $7.53 on Tuesday. The company has a market cap of $606.39 million, a P/E ratio of 8.27 and a beta of 0.72. The company’s fifty day moving average is $6.45 and its two-hundred day moving average is $5.71. CompoSecure has a 12-month low of $4.61 and a 12-month high of $8.16.

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

Institutional Investors Weigh In On CompoSecure

Large investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in CompoSecure in the third quarter valued at approximately $150,000. Allspring Global Investments Holdings LLC boosted its holdings in CompoSecure by 67.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock worth $164,000 after purchasing an additional 10,259 shares in the last quarter. Kerrisdale Advisers LLC bought a new stake in CompoSecure in the third quarter worth $267,000. GSA Capital Partners LLP increased its position in 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 buying an additional 48,586 shares during the last quarter. Finally, B. Riley Asset Management LLC raised its holdings in CompoSecure by 264.9% during the third quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock valued at $1,606,000 after buying an additional 180,705 shares in the last quarter. Institutional investors own 37.56% of the company’s stock.

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.