CompoSecure (CMPO) Projected to Post Earnings on Wednesday

CompoSecure (NASDAQ:CMPO) is anticipated to release its earnings data before the market opens on Wednesday, March 5th. Analysts expect CompoSecure to post earnings of $0.23 per share and revenue of $100.90 million for the quarter.

CompoSecure Trading Down 3.9 %

Shares of CMPO opened at $15.34 on Wednesday. The firm has a market capitalization of $1.35 billion, a P/E ratio of -34.86, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78. The stock’s fifty day simple moving average is $15.46 and its 200 day simple moving average is $14.50. CompoSecure has a twelve month low of $4.61 and a twelve month high of $17.71.

Insider Buying and Selling at CompoSecure

In other CompoSecure news, insider Adam Joseph Lowe sold 34,310 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $16.24, for a total value of $557,194.40. Following the transaction, the insider now directly owns 1,315,068 shares of the company’s stock, valued at $21,356,704.32. This trade represents a 2.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Resolute Compo Holdings Llc acquired 221,186 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the completion of the transaction, the director now directly owns 221,186 shares of the company’s stock, valued at $3,320,001.86. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 659,376 shares of company stock valued at $10,429,021 and have sold 156,337 shares valued at $2,525,818. 74.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CMPO has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. TD Cowen initiated coverage on CompoSecure in a research report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. increased their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. B. Riley increased their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Benchmark reaffirmed a “buy” rating and issued a $17.00 target price on shares of CompoSecure in a research report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.81.

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.