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. It serves financial institutions, plastic card manufacturers, government agencies, system integrators, and security specialists. The company was founded in 1910 and is based in Somerset, New Jersey.
IPO Year: 2020
Exchange: NASDAQ
Website: https://www.composecure.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/10/2024 | $9.00 | Buy | BofA Securities |
6/27/2024 | $12.00 | Buy | Lake Street |
2/13/2024 | $7.00 | Buy | The Benchmark Company |
12/18/2023 | $7.00 → $6.00 | Overweight → Neutral | JP Morgan |
6/13/2023 | $13.00 | Buy | Berenberg |
3/3/2023 | $15.00 | Buy | Compass Point |
12/14/2022 | $9.00 | Buy | BTIG Research |
1/28/2022 | $14.00 | Buy | Needham |
1/7/2022 | $17.00 | Buy | B. Riley Securities |
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David Cote to Become Executive Chairman Transaction Unlocks Value with Simplification of Corporate Structure CompoSecure to Become the First Investment of Resolute Holdings NEW YORK and SOMERSET, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Resolute Holdings I, LP and its affiliated vehicles ("Resolute"), an investment firm under the leadership of David Cote and Tom Knott, and CompoSecure, Inc. (NASDAQ:CMPO) ("CompoSecure" or the "Company"), a leader in metal payment cards, security, and authentication solutions, today announced that certain shareholders of CompoSecure have entered into Stock Purchase Agreements (collectively, the "SPA") with Resolute, pursuant to which Resolute will acquir
Industry Veteran Brings Deep Expertise in Payments, eCommerce, and Security, from Verifone and Other Notable Financial Services Firms CompoSecure, Inc. (NASDAQ:CMPO), a leader in payment, security, and authentication solutions, today announced the appointment of Paul Galant to its Board of Directors as an independent director. Mr. Galant is a seasoned executive with extensive experience in financial services, payments, and security technology. He has experience as a public company CEO at Verifone and he currently is an Operating Partner with Michael Klein & Company and Churchill Capital Company, L.L.C. Mr. Galant previously served as Senior Advisor at McKinsey & Company, was CEO of Bright
PLANO, Texas, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Katapult, a lease-to-own platform that integrates with major e-commerce platforms to power online shopping for non-prime customers, today announced the appointment of Joyce Phillips and Jane J. Thompson to its Board of Directors, effective immediately. Ms. Phillips and Ms. Thompson were appointed to the class of directors that will stand for election at the 2022 Annual Meeting of Stockholders. "Both executives are accomplished business leaders and seasoned board members with an impressive record of achievement at the intersection of technology, finance, retail and banking," said Orlando Zayas, CEO of Katapult. "Their fresh perspective will b
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NEW YORK and SOMERSET, N.J., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Resolute Holdings I, LP and its affiliated vehicles ("Resolute"), an investment firm under the leadership of David Cote and Tom Knott, and CompoSecure, Inc. (NASDAQ:CMPO) ("CompoSecure") today announced the closing of Resolute's acquisition of a majority interest in CompoSecure in accordance with the stock purchase agreements among Resolute and certain shareholders of CompoSecure. In conjunction with the closing, David Cote has been appointed executive chairman of the board of directors of CompoSecure and Tom Knott, Joseph DeAngelo, Roger Fradin, Mark James, and John Cote have also been appointed to the board of directors. Pu
SOMERSET, N.J, Sept. 16, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced that CEO Jon Wilk was named Payments Professional of the Year at The Digital Banker's Global Cards & Payments Innovation Awards. This award honors Wilk's impact on the industry through his leadership, innovation, and transformation of CompoSecure into a global fintech powerhouse. "I am truly honored to be recognized as the Payments Professional of the Year and this achievement is a reflection of the dedication, innovation, and collective passion of the entire CompoSecure team," said Wilk. "It's through our commitment to
SOMERSET, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced its recognition at The Digital Banker's Global Cards & Payments Innovation Awards in two key categories for products that transform the global payments ecosystem through innovative design and cutting-edge technology. "Innovation and security are the core of everything we do," said Adam Lowe, Chief Innovation and Product officer for CompoSecure. "The Global Cards & Payments Innovation Awards reflect our team's commitment to delivering groundbreaking solutions that drive trust, differentiation and value for our cus
Q2 Net Sales up 10% to $108.6 million; Q2 Net Income up 3% to $33.6 million; Q2 Adj. EBITDA up 8% to $40.0 million Narrows fiscal 2024 guidance; now anticipates Net Sales between $418-$428 million and Adjusted EBITDA between $150-$157 million David Cote, former CEO of Honeywell and current executive chairman of Vertiv, to become executive chairman of CompoSecure following the acquisition of a majority interest in the Company by the David Cote Family; Expected to simplify corporate structure and unlock shareholder value SOMERSET, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication s
David Cote to Become Executive Chairman Transaction Unlocks Value with Simplification of Corporate Structure CompoSecure to Become the First Investment of Resolute Holdings NEW YORK and SOMERSET, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Resolute Holdings I, LP and its affiliated vehicles ("Resolute"), an investment firm under the leadership of David Cote and Tom Knott, and CompoSecure, Inc. (NASDAQ:CMPO) ("CompoSecure" or the "Company"), a leader in metal payment cards, security, and authentication solutions, today announced that certain shareholders of CompoSecure have entered into Stock Purchase Agreements (collectively, the "SPA") with Resolute, pursuant to which Resolute will acquir
SOMERSET, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, will host a conference call on Wednesday, August 7, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The Company's results will be reported in a press release prior to the call. CompoSecure's management will host the conference call, followed by a question-and-answer period. Date: Wednesday, August 7, 2024Time: 5:00 p.m. Eastern timeDial-in registration link: hereLive webcast registration link: here A link to the live webcast is also available at https://ir.composecure.com/ne
SOMERSET, N.J., June 19, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, announced that it published its inaugural 2023 ESG annual report. As described in the report, CompoSecure has demonstrated its commitment to sustainability, highlighted by its premium metal payment cards which offer sustainability advantages compared to plastic cards. CompoSecure's metal payment cards are more durable, have a longer product lifespan and are made of 65% post-consumer recycled stainless steel. CompoSecure reviews, assesses and adapts its operational activities to ensure its ESG activities meet or exceed its ESG goals wit
SOMERSET, N.J., June 17, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced CEO Jon Wilk won the Tech Leadership Award for Visionary CEO from the Banking Tech Awards USA. Winners were announced at a gala ceremony on May 30th in New York City. "Innovation is the cornerstone of our business strategy. We are proud to have created the metal payment card market which helps our customers drive consumer acquisition, retention, and satisfaction. We also believe a card can do more and we have added additional capabilities to payment cards, such as security and digital asset management," stated Jon Wil
AUSTIN, Texas, May 28, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced expanded capabilities that enable Web3 payments for everyday purchases through the convenience of a metal card. Using these capabilities, consumers can have the flexibility to securely self-custody their digital assets and make those stablecoins and other digital assets spendable at the point of sale with a simple tap-to-pay. The Arculus Web3 payment capabilities will be demonstrated in the Arculus booth (#1221) May 29-31 at Consensus by CoinDesk in Austin, TX. "Digital currency payments in the physical world are almost
SOMERSET, N.J., May 22, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced it won top honors at the prestigious 2024 Élan Award of Excellence by the International Card Manufacturers Association (ICMA) in three categories including Best Metal Cards, Environmentally-Friendly Cards and Best Secure Payment Cards. "This recognition underscores our relentless pursuit of excellence in design, sustainability and payment security," said Jon Wilk, CEO of CompoSecure. "Through our commitment to innovation, we deliver best-in-class solutions that not only meet the evolving business needs of our clients
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BofA Securities initiated coverage of CompoSecure with a rating of Buy and set a new price target of $9.00
Lake Street initiated coverage of CompoSecure with a rating of Buy and set a new price target of $12.00
The Benchmark Company initiated coverage of CompoSecure with a rating of Buy and set a new price target of $7.00
JP Morgan downgraded CompoSecure from Overweight to Neutral and set a new price target of $6.00 from $7.00 previously
Berenberg initiated coverage of CompoSecure with a rating of Buy and set a new price target of $13.00
Compass Point initiated coverage of CompoSecure with a rating of Buy and set a new price target of $15.00
BTIG Research initiated coverage of CompoSecure with a rating of Buy and set a new price target of $9.00
Needham initiated coverage of CompoSecure with a rating of Buy and set a new price target of $14.00
B. Riley Securities initiated coverage of CompoSecure with a rating of Buy and set a new price target of $17.00
Q2 Net Sales up 10% to $108.6 million; Q2 Net Income up 3% to $33.6 million; Q2 Adj. EBITDA up 8% to $40.0 million Narrows fiscal 2024 guidance; now anticipates Net Sales between $418-$428 million and Adjusted EBITDA between $150-$157 million David Cote, former CEO of Honeywell and current executive chairman of Vertiv, to become executive chairman of CompoSecure following the acquisition of a majority interest in the Company by the David Cote Family; Expected to simplify corporate structure and unlock shareholder value SOMERSET, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication s
SOMERSET, N.J., July 25, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, will host a conference call on Wednesday, August 7, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The Company's results will be reported in a press release prior to the call. CompoSecure's management will host the conference call, followed by a question-and-answer period. Date: Wednesday, August 7, 2024Time: 5:00 p.m. Eastern timeDial-in registration link: hereLive webcast registration link: here A link to the live webcast is also available at https://ir.composecure.com/ne
Q1 Net Sales up 9% to $104.0 Million; Q1 Net Income up 59% to $17.1 Million; Q1 Adjusted EBITDA up 6% to $37.8 Million Declares Special Cash Dividend of $0.30 per Share SOMERSET, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced its operating results for the first quarter ended March 31, 2024. "We are off to a strong start in 2024 as we generated a record quarter of revenue, driven by continued momentum in our domestic business," said Jon Wilk, President and CEO of CompoSecure. "We were excited to see several high-profile customer programs that garnered significant attention in
SOMERSET, N.J., April 22, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, will host a conference call on Monday, May 6, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2024. The Company's results will be reported in a press release prior to the call. CompoSecure's management will host the conference call, followed by a question-and-answer period. Date: Monday, May 6, 2024Time: 5:00 p.m. Eastern timeDial-in registration link: hereLive webcast registration link: here A link to the live webcast is also available at https://ir.composecure.com/news-events/e
Q4 Net Sales up 7% to $100 Million; Q4 Net Income up 39% to $31 Million; Q4 Adj. EBITDA up 22% to $37 Million Issues 2024 Guidance of Net Sales Between $408-$428 Million; Adj. EBITDA Between $147-$157 Million Announces up to $40 Million Securities Repurchase Program to Capitalize on Strong Financial Position SOMERSET, N.J., March 06, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced its financial and operating results for the fourth quarter and full year ended December 31, 2023. "Our fourth quarter provided a strong close to 2023, capping off another year of record revenue and profi
SOMERSET, N.J., Feb. 21, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, will host a conference call on Wednesday, March 6, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2023. The Company's results will be reported in a press release prior to the call. CompoSecure's management will host the conference call, followed by a question-and-answer period. Date: Wednesday, March 6, 2024Time: 5:00 p.m. Eastern timeDial-in registration link: hereLive webcast registration link: here A link to the live webcast is also available at https://ir.co
SOMERSET, N.J., Nov. 09, 2023 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced its financial and operating results for the third quarter ended September 30, 2023. "During the quarter, we exceeded our record US revenue from the year-ago period overcoming global economic uncertainty that impacted our international business, which was down albeit on a smaller revenue base," said Jon Wilk, President and CEO of CompoSecure. "Consumer demand for premium metal cards remains strong based on card issuer feedback and industry sentiment. At the same time, select customers are more tightly managing inven
SOMERSET, N.J., Oct. 26, 2023 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, will host a conference call on Thursday, November 9, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2023. The Company's results will be reported in a press release prior to the call. CompoSecure's management will host the conference call, followed by a question-and-answer period. Date: Thursday, November 9, 2023Time: 5:00 p.m. Eastern timeDial-in registration link: hereLive webcast registration link: here A link to the live webcast is also available at https://ir.composecure.
– Secures Long-Term Contract Renewal for One of Its Largest Customers – – Reaffirms 2023 Net Sales and Adjusted EBITDA Guidance – SOMERSET, N.J., Aug. 14, 2023 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced its financial and operating results for the second quarter ended June 30, 2023. "We continue to demonstrate the performance and consistency of our business as our second quarter results were in-line with our expectations despite continued macroeconomic uncertainties," said Jon Wilk, President and CEO of CompoSecure. "General sentiment from our customers around the premium payment card
SOMERSET, N.J., Aug. 07, 2023 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, will host a conference call on Monday, August 14, 2023 at 5:00 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023. The Company's results will be reported in a press release prior to the call. CompoSecure's management will host the conference call, followed by a question-and-answer period. Date: Monday, August 14, 2023Time: 5:00 p.m. Eastern timeDial-in registration link: hereLive webcast registration link: here A link to the live webcast is also available at https://ir.composecure.com/news-e
B of A Securities analyst Cassie Chan initiates coverage on CompoSecure (NASDAQ:CMPO) with a Buy rating and announces Price Target of $9.
Lake Street analyst Jacob Stephan initiates coverage on CompoSecure (NASDAQ:CMPO) with a Buy rating and announces Price Target of $12.
B. Riley Securities analyst Hal Goetsch maintains CompoSecure (NASDAQ:CMPO) with a Buy and raises the price target from $17 to $18.
CompoSecure, Inc. (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced its partnership with Robinhood Markets, Inc., and Fiserv that led to the creation of the premier Robinhood Gold Card, one of the most innovative payment card programs available today. "In combination with our ambitious card program, having a unique form factor was important to us to define what we consider an entirely new product category within the payment card market," said Deepak Rao, General Manager of Robinhood Money. "Partnering with CompoSecure helped us realize our vision of delivering a card that is beautiful and accessible to all with some of the best rewards in
CompoSecure, Inc. ("CompoSecure") (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced the pricing of a secondary offering of 7,000,000 shares of its Class A common stock, par value $0.0001 per share, by certain shareholders of the Company (the "Selling Shareholders") at a price to the public of $6.50 per share for total gross proceeds of $45,500,000 million (the "Offering"). In connection with the Offering, the Selling Shareholders have granted the underwriters a 30-day option to purchase an additional 1,050,000 shares of Class A Common Stock. CompoSecure will not receive any of the proceeds from the sale of the shares by the Selling Shareh
CompoSecure, Inc. ("CompoSecure" or the "Company") (NASDAQ:CMPO), a leader in metal payment cards, security, and authentication solutions, today announced the commencement of an underwritten public offering (the "Offering") of 7,000,000 shares of the Company's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), by certain shareholders of the Company (the "Selling Shareholders"). In connection with the Offering, the Selling Shareholders expect to grant the underwriters a 30-day option to purchase an additional 1,050,000 shares of Class A Common Stock. CompoSecure is not offering any shares of its Class A Common Stock in the Offering and will not receive any proceed
Gainers Klaviyo (NYSE:KVYO) stock rose 11.1% to $23.93 during Wednesday's after-market session. The company's market cap stands at $6.3 billion. As per the news, the Q1 earnings report came out today. WaveDancer (NASDAQ:WAVD) stock increased by 8.33% to $3.37. The market value of their outstanding shares is at $6.7 million. AppLovin (NASDAQ:APP) shares moved upwards by 8.1% to $80.0. The market value of their outstanding shares is at $26.3 billion. The company's, Q1 earnings came out today. Taoping (NASDAQ:TAOP) shares increased by 6.98% to $0.85. The market value of their outstanding shares is at $3.8 million. Brightcove (NASDAQ:BCOV) shares moved upwards by 6.87% to $2.02. The market
Benchmark analyst Mark Palmer maintains CompoSecure (NASDAQ:CMPO) with a Buy and raises the price target from $8 to $10.