The Vanguard Group, Inc. 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 5.67% to 46.54 million shares with purchase of 2.5 million shares. This fresh investment now brings its stake to 9.63% valued currently at $103.31 million. In addition, BlackRock Fund Advisors raised its holdings by 1.25 million to 18.68 million shares. And Antipodes Partners Ltd. has lifted its position by 2.37% or 0.38 million shares – to 16.27 million shares.
With over 4.82 million Compass Inc (COMP) shares trading Tuesday and a closing price of $3.79 on the day, the dollar volume was approximately $18.25 million. The shares have shown a positive half year performance of 7.37% and its price on 01/09/24 lost nearly -0.52%. Currently, there are 419.84M common shares owned by the public and among those 366.14M shares have been available to trade.
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Insiders at the company have transacted a total of 78 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 45 of these insider trades were purchases, accounting for 1,842,052 shares. Insider sales of the common stock occurred on 33 occasions, with total insider shares sold totaling 15,737,452 shares.
The top 3 mutual fund holders in Compass Inc are Vanguard Real Estate Index Fund, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund. Vanguard Real Estate Index Fund owns 13.31 million shares of the company’s stock, all valued at over $29.55 million. The company sold 58301.0 shares recently to bring their total holdings to about 2.76% of the shares outstanding. Vanguard Small Cap Index Fund bought 25892.0 shares to bring its total holdings to over 8.47 million shares at a value of $18.81 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.75% of the shares outstanding.
Shares of Compass Inc (NYSE: COMP) opened at $3.75, down -$0.06 from a prior closing price of $3.81. The company’s stock has a 5-day price change of 7.06% and 58.58% over the past three months. COMP shares are trading 0.80% year to date (YTD), with the 12-month market performance up to 51.00% 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 4.24 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 15.76%, 44.19%, and 22.20% respectively.
Institutional ownership of Compass Inc (NYSE: COMP) shares accounts for 37.08% of the company’s 419.84M shares outstanding. Mutual fund holders own 23.53%, while other institutional holders and individual stakeholders account for 23.74% and 15.33% respectively.
It has a market capitalization of $1.90B and a beta (3y monthly) value of 2.92. 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 7.83% over the week and 8.02% over the month.
Analysts forecast that Compass Inc (COMP) will achieve an EPS of -$0.18 for the current quarter, -$0.22 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 56.90% 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.
