Brokerages Set CompoSecure, Inc. (NASDAQ:CMPO) Price Target at $11.83

Shares of CompoSecure, Inc. (NASDAQ:CMPO) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $11.83.

A number of equities analysts have issued reports on CMPO shares. Benchmark reaffirmed a “buy” rating and set a $8.00 price objective on shares of CompoSecure in a report on Wednesday, April 24th. B. Riley lifted their price objective on shares of CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, March 7th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. AE Wealth Management LLC purchased a new position in shares of CompoSecure during the third quarter worth about $74,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of CompoSecure during the third quarter worth about $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 worth $164,000 after purchasing an additional 10,259 shares in the last quarter. Kerrisdale Advisers LLC purchased a new position in shares of CompoSecure during the third quarter worth about $267,000. Finally, B. Riley Asset Management LLC grew its holdings in shares of CompoSecure by 264.9% during the third quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock worth $1,606,000 after purchasing an additional 180,705 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

CompoSecure Trading Down 1.1 %

NASDAQ CMPO opened at $6.95 on Friday. The company has a fifty day simple moving average of $6.21 and a 200 day simple moving average of $5.67. CompoSecure has a 12-month low of $4.61 and a 12-month high of $7.56. The company has a market cap of $559.68 million, a P/E ratio of 7.64 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $99.90 million for 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%. Sell-side analysts predict that CompoSecure will post 1.09 EPS for the current year.

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.