Parallel Advisors LLC recently announced the acquisition of new stake in Compass Inc (NYSE:COMP). The institutional investor has increased its shareholding in the Real Estate company by 2.58% to 7559.0 shares with purchase of 190.0 shares. This fresh investment now brings its stake to 0.00% valued currently at $0.0. In addition, Vision2020 Wealth Management Corp raised its holdings by 381.0 to 2227.0 shares. And Glassman Wealth Services LLC has lifted its position by 156.74% or 442.0 shares – to 724.0 shares.
With over 4.74 million Compass Inc (COMP) shares trading Tuesday and a closing price of $2.69 on the day, the dollar volume was approximately $12.75 million. The shares have shown a negative half year performance of -17.48% and its price on 12/12/23 lost nearly -2.18%. Currently, there are 419.84M common shares owned by the public and among those 346.74M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for COMP have a consensus price objective of $2.91. The analysts have set the share’s price value over the next 12 months at a high of $5.00 and a low of $2.00. The average price target is 7.56% above its recent price level and a downside to the estimated low will see the stock lose -34.5% over that period. But an upside of 46.2% will see the stock hit the forecast high price target while median target price for the stock is $2.70.
Insiders at the company have transacted a total of 84 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 48 of these insider trades were purchases, accounting for 1,965,370 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 15,780,731 shares.
The top 3 mutual fund holders in Compass Inc are DFA US Micro Cap Portfolio, Fidelity Value Fund, and Fidelity Extended Market Index Fu. DFA US Micro Cap Portfolio owns 1.05 million shares of the company’s stock, all valued at over $0.0. Fidelity Extended Market Index Fu bought 0.13 million shares to bring its total holdings to over 1.77 million shares at a value of $0.0. Fidelity Extended Market Index Fu now owns shares totaling to 0.00% of the shares outstanding.
Shares of Compass Inc (NYSE: COMP) opened at $2.73, down -$0.02 from a prior closing price of $2.75. However, the script later moved the day high at 2.7700, down -2.18%. The company’s stock has a 5-day price change of 5.08% and -16.98% over the past three months. COMP shares are trading 15.45% year to date (YTD), with the 12-month market performance up to 4.67% higher. It has a 12-month low price of $1.82 and touched a high of $5.16 over the same period. COMP has an average intraday trading volume of 3.35 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 14.03%, 18.88%, and -12.75% respectively.
Institutional ownership of Compass Inc (NYSE: COMP) shares accounts for 37.11% of the company’s 419.84M shares outstanding. Mutual fund holders own 0.00%, while other institutional holders and individual stakeholders account for 0.00% and — respectively.
It has a market capitalization of $1.35B and a beta (3y monthly) value of 2.66. The earnings-per-share (ttm) stands at -$0.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.08% over the week and 7.42% over the month.
Analysts forecast that Compass Inc (COMP) will achieve an EPS of -$0.18 for the current quarter, -$0.21 for the next quarter and -$0.31 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.19 while analysts give the company a high EPS estimate of -$0.16. Comparatively, EPS for the current quarter was -$0.36 a year ago. Earnings per share for the fiscal year are expected to increase by 50.95%, and 57.45% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Compass Inc (COMP) as a “Moderate Buy” at a consensus score of 2.11. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 5 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the COMP, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on November 21, 2023, with the firm’s price target at $2.70.
