CompoSecure, Inc. (NASDAQ:CMPO) Receives Consensus Rating of “Buy” from Brokerages

CompoSecure, Inc. (NASDAQ:CMPO) has been given an average recommendation of “Buy” by the six brokerages that are presently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $25.50.

A number of analysts have issued reports on the company. Benchmark raised their target price on CompoSecure from $24.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. TD Cowen reaffirmed a “buy” rating on shares of CompoSecure in a research note on Tuesday, November 4th. Needham & Company LLC increased their price objective on shares of CompoSecure from $22.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. restated a “buy” rating on shares of CompoSecure in a research report on Thursday, January 8th. Finally, Lake Street Capital reaffirmed a “buy” rating on shares of CompoSecure in a research note on Wednesday, December 24th.

CompoSecure Stock Performance

Shares of NASDAQ CMPO opened at $22.87 on Tuesday. CompoSecure has a 52 week low of $9.24 and a 52 week high of $26.78. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -13.61 and a beta of 0.98. The business has a 50 day simple moving average of $22.37 and a 200 day simple moving average of $20.61.

CompoSecure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.0%. The ex-dividend date of this dividend is Friday, February 13th.

Hedge Funds Weigh In On CompoSecure

Several hedge funds have recently made changes to their positions in the business. CIBC Private Wealth Group LLC grew its position in CompoSecure by 74.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,407 shares of the company’s stock valued at $27,000 after purchasing an additional 600 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of CompoSecure by 291.8% during the 3rd quarter. Versant Capital Management Inc now owns 2,018 shares of the company’s stock worth $42,000 after acquiring an additional 1,503 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of CompoSecure by 25.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,478 shares of the company’s stock worth $49,000 after acquiring an additional 713 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in CompoSecure in the 4th quarter valued at $57,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of CompoSecure during the 4th quarter worth about $59,000. 37.56% of the stock is owned by institutional investors.

About CompoSecure

CompoSecure is a global provider of secure card and credential solutions, specializing in the design, manufacturing and personalization of payment cards, identification credentials and related services. The company develops a range of card products that include metal cards, composite cards and hybrid designs integrating advanced security features such as EMV chip technology, contactless interfaces and specialized surface treatments. CompoSecure’s offerings are tailored to the needs of banks, credit unions, fintech firms and government agencies seeking to differentiate their cards and enhance consumer engagement.

The company’s product portfolio extends beyond physical cards to encompass digital issuance and lifecycle management solutions.