FY2024 Earnings Estimate for CompoSecure Issued By B. Riley

CompoSecure, Inc. (NASDAQ:CMPO) – Research analysts at B. Riley reduced their FY2024 earnings per share (EPS) estimates for CompoSecure in a report released on Tuesday, February 11th. B. Riley analyst H. Goetsch now forecasts that the company will earn $1.01 per share for the year, down from their previous estimate of $1.03. B. Riley has a “Buy” rating and a $23.00 price target on the stock. The consensus estimate for CompoSecure’s current full-year earnings is $1.02 per share. B. Riley also issued estimates for CompoSecure’s Q4 2024 earnings at $0.22 EPS, Q3 2025 earnings at $0.29 EPS, Q4 2025 earnings at $0.27 EPS, FY2025 earnings at $1.12 EPS and FY2026 earnings at $1.23 EPS.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Benchmark restated a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a research note on Tuesday, November 12th. TD Cowen started coverage on shares of CompoSecure in a research note on Wednesday, December 18th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.81.

CompoSecure Stock Up 0.9 %

Shares of CompoSecure stock opened at $14.84 on Wednesday. The stock has a market cap of $1.31 billion, a P/E ratio of -33.73, a P/E/G ratio of 2.51 and a beta of 0.78. CompoSecure has a 12-month low of $4.61 and a 12-month high of $17.03. The business’s 50 day moving average is $15.52 and its 200-day moving average is $13.91.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. KLP Kapitalforvaltning AS bought a new stake in shares of CompoSecure in the fourth quarter valued at approximately $75,000. nVerses Capital LLC acquired a new position in CompoSecure in the 3rd quarter valued at $72,000. CWM LLC lifted its position in shares of CompoSecure by 42.0% during the 3rd quarter. CWM LLC now owns 5,192 shares of the company’s stock valued at $73,000 after acquiring an additional 1,536 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of CompoSecure during the 3rd quarter worth $74,000. Finally, FMR LLC increased its position in shares of CompoSecure by 693.0% in the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

Insider Activity at CompoSecure

In other news, insider Adam Joseph Lowe sold 34,310 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $16.24, for a total value of $557,194.40. Following the completion of the sale, the insider now owns 1,315,068 shares of the company’s stock, valued at approximately $21,356,704.32. The trade was a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Gregoire Maes sold 24,323 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the completion of the transaction, the chief operating officer now owns 762,009 shares in the company, valued at $12,382,646.25. This trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 180,660 shares of company stock worth $2,921,066. Insiders own 74.99% 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.