B. Riley Increases CompoSecure (NASDAQ:CMPO) Price Target to $23.00

CompoSecure (NASDAQ:CMPO) had its target price raised by B. Riley from $18.00 to $23.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the stock. B. Riley also issued estimates for CompoSecure’s Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $1.03 EPS, FY2025 earnings at $1.08 EPS and FY2026 earnings at $1.22 EPS.

A number of other analysts have also recently commented on the stock. Compass Point upped their price target on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Needham & Company LLC restated a “buy” rating and set a $16.00 target price on shares of CompoSecure in a research report on Monday. Lake Street Capital lifted their target price on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Benchmark increased their price target on CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of CompoSecure from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, CompoSecure currently has an average rating of “Moderate Buy” and an average price target of $15.79.

CompoSecure Price Performance

Shares of CMPO opened at $13.94 on Monday. The business has a 50-day moving average of $14.02 and a 200-day moving average of $10.06. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -31.68, a price-to-earnings-growth ratio of 1.13 and a beta of 0.76. CompoSecure has a 1 year low of $4.61 and a 1 year high of $16.14.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). The firm had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same quarter in the previous year, the business posted $0.24 EPS. As a group, sell-side analysts anticipate that CompoSecure will post 1.02 EPS for the current year.

Insider Buying and Selling

In other CompoSecure news, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the completion of the sale, the director now directly owns 2,043,320 shares of the company’s stock, valued at approximately $15,427,066. The trade was a 83.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jonathan Wilk sold 618,014 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $7.55, for a total value of $4,666,005.70. Following the completion of the sale, the chief executive officer now directly owns 618,013 shares of the company’s stock, valued at approximately $4,665,998.15. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,641,727 shares of company stock worth $80,370,824 in the last ninety days. Corporate insiders own 74.99% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

A number of hedge funds have recently bought and sold shares of the company. CWM LLC lifted its position in shares of CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP bought a new position in shares of CompoSecure during the 2nd quarter worth approximately $68,000. nVerses Capital LLC purchased a new position in shares of CompoSecure in the 3rd quarter worth approximately $72,000. Wolverine Asset Management LLC bought a new position in shares of CompoSecure in the third quarter valued at approximately $74,000. Finally, FMR LLC increased its position in shares of CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares during the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.