Needham & Company LLC Reiterates Buy Rating for CompoSecure (NASDAQ:CMPO)

CompoSecure (NASDAQ:CMPO)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a note issued to investors on Tuesday, Benzinga reports. They presently have a $15.00 target price on the stock. Needham & Company LLC’s target price would suggest a potential upside of 100.00% from the company’s previous close.

Several other equities analysts also recently commented on CMPO. Benchmark reiterated a “buy” rating and issued a $8.00 price objective on shares of CompoSecure in a report on Wednesday, April 24th. B. Riley raised their price objective on shares of CompoSecure from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.17.

CompoSecure Stock Performance

CompoSecure stock opened at $7.50 on Tuesday. The stock has a 50-day simple moving average of $6.45 and a 200 day simple moving average of $5.71. The stock has a market capitalization of $603.98 million, a P/E ratio of 8.24 and a beta of 0.72. CompoSecure has a 52 week low of $4.61 and a 52 week high of $8.16.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP grew its position in CompoSecure by 87.9% during the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after buying an additional 48,586 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock valued at $3,248,000 after acquiring an additional 246,094 shares during the period. Grizzlyrock Capital LLC acquired a new stake in shares of CompoSecure during the 4th quarter worth $3,223,000. Cannell Capital LLC increased its position 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 worth $11,410,000 after purchasing an additional 728,424 shares during the period. Finally, Kerrisdale Advisers LLC acquired a new position in CompoSecure in the third quarter valued at about $267,000. 37.56% of the stock is owned by institutional investors.

CompoSecure Company 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.