CompoSecure (NASDAQ:CMPO) PT Raised to $18.00 at Lake Street Capital

CompoSecure (NASDAQ:CMPO) had its target price upped by equities research analysts at Lake Street Capital from $14.00 to $18.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Lake Street Capital’s price objective points to a potential upside of 32.35% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. Needham & Company LLC lifted their target price on shares of CompoSecure from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Compass Point lifted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Benchmark lifted their price target on shares of CompoSecure from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price target on shares of CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, Bank of America lifted their price target on shares of CompoSecure from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.07.

CompoSecure Stock Down 1.9 %

CompoSecure stock opened at $13.60 on Wednesday. CompoSecure has a 52 week low of $4.61 and a 52 week high of $14.20. The company’s 50 day moving average price is $11.38 and its two-hundred day moving average price is $8.42. The stock has a market cap of $1.10 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.00 and a beta of 0.78.

CompoSecure (NASDAQ:CMPO) last posted its earnings results on Wednesday, August 7th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. CompoSecure had a net margin of 6.33% and a negative return on equity of 11.78%. The firm had revenue of $108.57 million for the quarter, compared to analysts’ expectations of $102.22 million. During the same quarter last year, the firm earned $0.25 EPS. On average, equities analysts anticipate that CompoSecure will post 1.1 EPS for the current year.

Insider Activity at CompoSecure

In related news, insider Adam Joseph Lowe sold 45,000 shares of CompoSecure stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total value of $497,700.00. Following the completion of the transaction, the insider now directly owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Adam Joseph Lowe sold 45,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $11.06, for a total transaction of $497,700.00. Following the completion of the transaction, the insider now directly owns 1,292,219 shares in the company, valued at approximately $14,291,942.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michele Logan sold 10,017,983 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $7.55, for a total transaction of $75,635,771.65. Following the transaction, the director now owns 2,043,320 shares of the company’s stock, valued at $15,427,066. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,867,586 shares of company stock worth $82,870,442. Corporate insiders own 74.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. CWM LLC grew its position in shares of CompoSecure by 205.9% during the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP purchased a new position in shares of CompoSecure during the 2nd quarter valued at $68,000. Ritholtz Wealth Management purchased a new position in CompoSecure in the second quarter worth $84,000. Algert Global LLC purchased a new position in CompoSecure in the second quarter worth $84,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in CompoSecure in the first quarter worth $91,000. 37.56% of the stock is currently owned by hedge funds and other 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.