CompoSecure (NASDAQ:CMPO) Price Target Raised to $10.00

CompoSecure (NASDAQ:CMPO) had its price objective lifted by Benchmark from $8.00 to $10.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. Needham & Company LLC reiterated a buy rating and set a $15.00 price objective on shares of CompoSecure in a research note on Tuesday. B. Riley lifted their price target on CompoSecure from $14.00 to $17.00 and gave the stock a buy rating in a research 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 company. Based on data from MarketBeat, CompoSecure currently has an average rating of Moderate Buy and a consensus price target of $12.17.

CompoSecure Price Performance

CompoSecure stock opened at $6.77 on Tuesday. CompoSecure has a 1-year low of $4.61 and a 1-year high of $8.16. The business has a fifty day moving average price of $6.51 and a 200-day moving average price of $5.72. The stock has a market capitalization of $545.19 million, a price-to-earnings ratio of 7.44 and a beta of 0.72.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.26 EPS for the quarter, beating 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 company had revenue of $99.90 million during the quarter, compared to analysts’ expectations of $95.86 million. On average, equities research analysts anticipate that CompoSecure will post 1.09 earnings per share for the current fiscal year.

CompoSecure Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, June 11th. Investors of record on Monday, May 20th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, May 17th.

Institutional Investors Weigh In On CompoSecure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMPO. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of CompoSecure in the third quarter worth about $150,000. Allspring Global Investments Holdings LLC lifted its holdings in CompoSecure by 67.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 25,430 shares of the company’s stock valued at $164,000 after acquiring an additional 10,259 shares during the period. Kerrisdale Advisers LLC purchased a new stake in CompoSecure in the 3rd quarter worth approximately $267,000. GSA Capital Partners LLP grew its stake in shares of CompoSecure by 87.9% during the 1st quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock worth $751,000 after purchasing an additional 48,586 shares during the period. Finally, Pacific Ridge Capital Partners LLC purchased a new position in shares of CompoSecure during the 1st quarter valued at approximately $1,424,000. 37.56% of the stock is owned by institutional investors and hedge funds.

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.