Benchmark Increases CompoSecure (NASDAQ:CMPO) Price Target to $10.00

CompoSecure (NASDAQ:CMPO) had its price objective boosted by research analysts at Benchmark from $8.00 to $10.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price would suggest a potential upside of 33.33% from the company’s current price.

A number of other brokerages also recently commented on CMPO. Needham & Company LLC reissued a “buy” rating and issued a $15.00 price objective on shares of CompoSecure in a research report on Tuesday. B. Riley increased their target price on CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, CompoSecure currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.17.

CompoSecure Price Performance

CMPO opened at $7.50 on Tuesday. The business has a fifty day moving average price of $6.45 and a 200 day moving average price of $5.71. CompoSecure has a 12 month low of $4.61 and a 12 month high of $8.16. The stock has a market capitalization of $603.98 million, a price-to-earnings ratio of 8.24 and a beta of 0.72.

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

Institutional Trading of CompoSecure

Several institutional investors and hedge funds have recently made changes to their positions in CMPO. Steamboat Capital Partners LLC increased its position in CompoSecure by 1.9% during the third quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company’s stock worth $15,815,000 after buying an additional 45,501 shares during the period. Cannell Capital LLC increased its holdings in shares of CompoSecure by 70.0% in the third quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after purchasing an additional 728,424 shares during the period. Wellington Management Group LLP raised its stake in shares of CompoSecure by 69.2% during the fourth quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock worth $3,248,000 after purchasing an additional 246,094 shares during the last quarter. Grizzlyrock Capital LLC acquired a new stake in shares of CompoSecure during the fourth quarter worth $3,223,000. Finally, Potomac Capital Management Inc. lifted its holdings in shares of CompoSecure by 169.0% during the third quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock worth $2,843,000 after purchasing an additional 276,890 shares during the period. 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.