Berenberg Bank analyst Mark Palmer initiated coverage with a Buy rating on CompoSecure (CMPO – Research Report) yesterday and set a price target of $13.00. The company’s shares closed yesterday at $7.16.
According to TipRanks, Palmer is ranked #1402 out of 8474 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CompoSecure with a $13.00 average price target.
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Based on CompoSecure’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $86.14 million and a net profit of $10.74 million. In comparison, last year the company earned a revenue of $83.08 million and had a net profit of $4.74 million
Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CMPO in relation to earlier this year. Most recently, in May 2023, Fitzsimmons Timothy Walter, the CFO of CMPO sold 100,000.00 shares for a total of $743,309.00.
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