Zurcher Kantonalbank Zurich Cantonalbank Purchases 4,384 Shares of CompoSecure, Inc. (NASDAQ:CMPO)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in CompoSecure, Inc. (NASDAQ:CMPO) by 71.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,547 shares of the company’s stock after purchasing an additional 4,384 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CompoSecure were worth $115,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of CompoSecure by 20.6% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 22,233 shares of the company’s stock valued at $242,000 after purchasing an additional 3,794 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of CompoSecure in the first quarter valued at about $4,138,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of CompoSecure in the first quarter valued at about $1,261,000. Cerity Partners LLC bought a new stake in CompoSecure during the first quarter worth about $163,000. Finally, Bank of New York Mellon Corp raised its holdings in CompoSecure by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 99,005 shares of the company’s stock worth $1,076,000 after acquiring an additional 2,185 shares in the last quarter. 37.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CMPO shares. Needham & Company LLC reiterated a “buy” rating and set a $15.00 target price on shares of CompoSecure in a report on Tuesday, May 13th. Wall Street Zen lowered CompoSecure from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Benchmark upped their target price on CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, CompoSecure has a consensus rating of “Moderate Buy” and a consensus target price of $17.07.

CompoSecure Stock Up 21.7%

Shares of NASDAQ CMPO opened at $17.53 on Monday. The business’s 50 day moving average price is $14.29 and its two-hundred day moving average price is $13.18. The company has a market cap of $1.79 billion, a PE ratio of -10.43 and a beta of 0.94. CompoSecure, Inc. has a twelve month low of $9.24 and a twelve month high of $17.71.

CompoSecure (NASDAQ:CMPO) last announced its quarterly earnings results on Monday, May 12th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. The firm had revenue of $103.90 million for the quarter, compared to the consensus estimate of $103.22 million. CompoSecure had a negative return on equity of 59.26% and a negative net margin of 24.53%. As a group, research analysts anticipate that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

CompoSecure 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.