CompoSecure (NASDAQ:CMPO) Posts Earnings Results, Beats Expectations By $0.04 EPS

CompoSecure (NASDAQ:CMPO) announced its earnings results on Wednesday. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04, Zacks reports. CompoSecure had a negative net margin of 5.63% and a negative return on equity of 14.87%.

CompoSecure Trading Down 0.5 %

CompoSecure stock traded down $0.06 during mid-day trading on Wednesday, hitting $12.02. The company had a trading volume of 1,523,575 shares, compared to its average volume of 719,591. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -27.32, a P/E/G ratio of 2.63 and a beta of 0.78. CompoSecure has a 12-month low of $4.61 and a 12-month high of $17.71. The company’s fifty day moving average is $15.26 and its 200-day moving average is $14.60.

Analyst Upgrades and Downgrades

CMPO has been the subject of several analyst reports. B. Riley raised their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Benchmark reissued a “buy” rating and set a $17.00 target price on shares of CompoSecure in a research note on Tuesday, November 12th. Needham & Company LLC restated a “buy” rating and issued a $16.00 target price on shares of CompoSecure in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a research report on Monday, December 2nd. Finally, TD Cowen began coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.81.

Insider Activity at CompoSecure

In other news, Director Resolute Compo Holdings Llc acquired 221,186 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of $15.01 per share, for a total transaction of $3,320,001.86. Following the purchase, the director now owns 221,186 shares in the company, valued at approximately $3,320,001.86. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Amanda Mandy Gourbault sold 9,622 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the sale, the executive now owns 821,782 shares of the company’s stock, valued at approximately $13,222,472.38. The trade was a 1.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 659,376 shares of company stock valued at $10,429,021 and have sold 166,319 shares valued at $2,686,288. 74.99% of the stock is owned by corporate insiders.

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.