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

Needham & Company LLC restated their buy rating on shares of CompoSecure (NASDAQ:CMPO) in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a $15.00 price target on the stock.

CMPO has been the topic of a number of other reports. B. Riley increased their price objective on shares of CompoSecure from $14.00 to $17.00 and gave the company a buy rating in a research note on Thursday, March 7th. Benchmark reiterated a buy rating and issued a $8.00 price target on shares of CompoSecure in a research report on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, CompoSecure currently has an average rating of Moderate Buy and a consensus price target of $12.17.

CompoSecure Trading Up 3.9 %

CMPO stock opened at $7.53 on Tuesday. The company has a market cap of $606.39 million, a price-to-earnings ratio of 8.27 and a beta of 0.72. The firm has a 50 day moving average of $6.45 and a 200-day moving average of $5.71. CompoSecure has a 12-month low of $4.61 and a 12-month high of $8.16.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $99.90 million during 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%. Sell-side analysts forecast that CompoSecure will post 1.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMPO. Steamboat Capital Partners LLC raised its position in shares of CompoSecure by 1.9% in the third quarter. Steamboat Capital Partners LLC now owns 2,451,883 shares of the company’s stock valued at $15,815,000 after buying an additional 45,501 shares during the last quarter. Cannell Capital LLC raised its holdings in CompoSecure by 70.0% in the 3rd quarter. Cannell Capital LLC now owns 1,768,921 shares of the company’s stock valued at $11,410,000 after acquiring an additional 728,424 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of CompoSecure by 69.2% during the 4th quarter. Wellington Management Group LLP now owns 601,548 shares of the company’s stock worth $3,248,000 after purchasing an additional 246,094 shares during the period. Grizzlyrock Capital LLC acquired a new stake in shares of CompoSecure during the fourth quarter worth $3,223,000. Finally, Potomac Capital Management Inc. grew its position in shares of CompoSecure by 169.0% in the third quarter. Potomac Capital Management Inc. now owns 440,715 shares of the company’s stock valued at $2,843,000 after purchasing an additional 276,890 shares during the period. 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.