CompoSecure (NASDAQ:CMPO) Given “Buy” Rating at Needham & Company LLC

CompoSecure (NASDAQ:CMPO)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $15.00 price objective on the stock. Needham & Company LLC’s target price indicates a potential upside of 106.90% from the stock’s current price.

Other analysts have also issued reports about the stock. B. Riley increased their price target on shares of CompoSecure from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Benchmark restated a “buy” rating and issued a $8.00 target price on shares of CompoSecure in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.83.

CompoSecure Stock Performance

NASDAQ CMPO opened at $7.25 on Tuesday. The company has a market cap of $583.84 million, a PE ratio of 7.97 and a beta of 0.72. The firm’s 50 day moving average price is $6.40 and its 200-day moving average price is $5.70. CompoSecure has a 52-week low of $4.61 and a 52-week high of $7.56.

CompoSecure (NASDAQ:CMPO) last announced its earnings results on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $99.90 million for 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%. On average, analysts forecast that CompoSecure will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CMPO. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of CompoSecure in the 3rd quarter valued at $150,000. Allspring Global Investments Holdings LLC boosted its position 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 buying an additional 10,259 shares during the last quarter. Kerrisdale Advisers LLC acquired a new position in CompoSecure in the 3rd quarter worth approximately $267,000. GSA Capital Partners LLP raised its position in 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 buying an additional 48,586 shares during the last quarter. Finally, B. Riley Asset Management LLC lifted its stake in CompoSecure by 264.9% during the 3rd quarter. B. Riley Asset Management LLC now owns 248,927 shares of the company’s stock valued at $1,606,000 after acquiring an additional 180,705 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

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.