CompoSecure (NASDAQ:CMPO) Given New $15.00 Price Target at Needham & Company LLC

CompoSecure (NASDAQ:CMPO – Get Rating) had its price target hoisted by Needham & Company LLC from $14.00 to $15.00 in a research report released on Friday, Marketbeat Ratings reports. Needham & Company LLC currently has a buy rating on the stock.

Separately, B. Riley upped their price objective on CompoSecure from $17.00 to $18.00 in a report on Tuesday, May 10th.

CompoSecure Stock Performance

Shares of CMPO stock opened at $6.62 on Friday. The stock’s fifty day moving average price is $5.80 and its 200 day moving average price is $6.82. CompoSecure has a 1-year low of $4.72 and a 1-year high of $10.69.

CompoSecure (NASDAQ:CMPO – Get Rating) last released its quarterly earnings results on Monday, May 9th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $84.18 million during the quarter, compared to the consensus estimate of $76.50 million. Sell-side analysts expect that CompoSecure will post 0.52 EPS for the current fiscal year.

Insider Activity

In related news, CRO Amanda Mandy Gourbault acquired 5,020 shares of CompoSecure stock in a transaction dated Thursday, June 2nd. The shares were acquired at an average cost of $7.50 per share, for a total transaction of $37,650.00. Following the completion of the purchase, the executive now owns 5,020 shares in the company, valued at $37,650. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other CompoSecure news, CRO Amanda Mandy Gourbault bought 5,020 shares of the company’s stock in a transaction that occurred on Thursday, June 2nd. The shares were purchased at an average price of $7.50 per share, with a total value of $37,650.00. Following the completion of the acquisition, the executive now directly owns 5,020 shares of the company’s stock, valued at approximately $37,650. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jonathan Wilk bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average cost of $6.09 per share, for a total transaction of $121,800.00. Following the acquisition, the chief executive officer now directly owns 1,592,831 shares of the company’s stock, valued at $9,700,340.79. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 206,622 shares of company stock worth $1,404,858. Corporate insiders own 23.85% of the company’s stock.

Hedge Funds Weigh In On CompoSecure

Large investors have recently bought and sold shares of the business. Royal Bank of Canada increased its holdings in CompoSecure by 120.6% in the first quarter. Royal Bank of Canada now owns 4,854 shares of the company’s stock valued at $37,000 after buying an additional 2,654 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of CompoSecure during the first quarter worth about $38,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of CompoSecure during the first quarter worth about $76,000. Qube Research & Technologies Ltd purchased a new position in shares of CompoSecure during the first quarter worth about $89,000. Finally, Northern Trust Corp purchased a new position in shares of CompoSecure during the first quarter worth about $132,000.

CompoSecure Company Profile

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CompoSecure, Inc manufactures and designs metal, plastic, composite ID, 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 comprise the Arculus Key card Cold Storage hardware device and companion Arculus Wallet mobile App to keep the Private Key in the Arculus Key card highly secure and store cryptocurrency and digital assets.