B. Riley Raises CompoSecure (NASDAQ:CMPO) Price Target to $18.00

CompoSecure (NASDAQ:CMPO) had its price target upped by equities researchers at B. Riley from $17.00 to $18.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price objective would indicate a potential upside of 169.87% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Benchmark increased their target price on CompoSecure from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of CompoSecure in a report on Tuesday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CompoSecure has a consensus rating of “Moderate Buy” and a consensus target price of $12.33.

CompoSecure Stock Down 1.5 %

CompoSecure stock traded down $0.10 during mid-day trading on Friday, reaching $6.67. The company had a trading volume of 191,159 shares, compared to its average volume of 230,489. The firm has a market cap of $537.14 million, a price-to-earnings ratio of 7.32 and a beta of 0.72. The company has a 50 day moving average of $6.55 and a 200-day moving average of $5.73. CompoSecure has a 52 week low of $4.61 and a 52 week high of $8.16.

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

Hedge Funds Weigh In On CompoSecure

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ bought a new stake in CompoSecure in the 3rd quarter worth about $150,000. Allspring Global Investments Holdings LLC boosted its position in CompoSecure by 67.6% during 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 in the last quarter. Kerrisdale Advisers LLC acquired a new stake in CompoSecure during the third quarter worth $267,000. GSA Capital Partners LLP boosted its holdings in CompoSecure by 87.9% in the first quarter. GSA Capital Partners LLP now owns 103,875 shares of the company’s stock valued at $751,000 after purchasing an additional 48,586 shares during the period. Finally, Pacific Ridge Capital Partners LLC acquired a new position in CompoSecure in the 1st quarter valued at about $1,424,000. Institutional investors 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.