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Joseph J. DeAngelo, a director at CompoSecure, Inc. (NASDAQ:CMPO), recently acquired 45,045 shares of the company’s Class A common stock. According to a filing with the Securities and Exchange Commission, the shares were purchased on March 17 at a weighted average price of $11.12, resulting in a total transaction value of approximately $500,900.
The purchase was executed in multiple transactions, with prices ranging from $11.08 to $11.14 per share. Following this acquisition, DeAngelo now directly owns 45,045 shares of CompoSecure. The company, based in Somerset, New Jersey, operates within the finance services sector, focusing on crypto assets. With a market capitalization of $1.1 billion and revenue of $420 million in the last twelve months, InvestingPro analysis reveals additional insights, including 10+ exclusive ProTips and comprehensive financial metrics available to subscribers.
In other recent news, CompoSecure Inc. reported its fourth-quarter and full-year 2024 earnings, which fell short of analysts’ expectations for both earnings per share (EPS) and revenue. The company posted an EPS of $0.20, missing the forecast of $0.22, and reported revenue of $100.9 million, which was below the anticipated $102.58 million. Despite these misses, full-year net sales increased by 8% year-over-year. Notably, CompoSecure’s Arculus platform achieved profitability in the fourth quarter, contributing $3.5 million to adjusted EBITDA. Analysts from Needham adjusted their price target for CompoSecure to $15.00, down from $16.00, while maintaining a Buy rating, citing confidence in the company’s strategic direction post-Resolute spin-off. Similarly, Benchmark analyst Mark Palmer lowered the price target for CompoSecure to $14.00 from $17.00, also retaining a Buy rating, reflecting a more conservative valuation aligned with the firm’s adjusted financial expectations. Both analyst firms highlighted the leadership’s potential to positively impact CompoSecure’s market position.
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