CompoSecure (NASDAQ:CMPO) Given Buy Rating at Benchmark

Benchmark reiterated their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a research report released on Wednesday morning, Benzinga reports. They currently have a $8.00 target price on the stock.

Separately, B. Riley boosted their target price on CompoSecure from $14.00 to $17.00 and gave the company a buy rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, CompoSecure presently has a consensus rating of Moderate Buy and a consensus target price of $11.83.

CompoSecure Stock Performance

Shares of CMPO stock opened at $6.60 on Wednesday. CompoSecure has a fifty-two week low of $4.61 and a fifty-two week high of $7.57. The stock has a 50 day moving average price of $6.06 and a two-hundred day moving average price of $5.66. The company has a market capitalization of $531.50 million, a P/E ratio of 7.25 and a beta of 0.72.

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

Hedge Funds Weigh In On CompoSecure

Several hedge funds have recently made changes to their positions in CMPO. Cannell Capital LLC grew its stake in 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. Kerrisdale Advisers LLC purchased a new stake in CompoSecure in the third quarter worth $267,000. Wellington Management Group LLP grew its stake in CompoSecure by 30.8% in the third quarter. Wellington Management Group LLP now owns 355,454 shares of the company’s stock worth $2,293,000 after purchasing an additional 83,736 shares during the period. Allspring Global Investments Holdings LLC grew its stake in CompoSecure by 67.6% in 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 during the period. Finally, AE Wealth Management LLC purchased a new stake in CompoSecure in the third quarter worth $74,000. 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.