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 Technology company by 0.91% to 37.98 million shares with purchase of 0.34 million shares. This fresh investment now brings its stake to 8.34% valued currently at $137.12 million. In addition, Antipodes Partners Ltd. raised its holdings by 5.68 million to 20.3 million shares. And BlackRock Fund Advisors has lifted its position by 37.68% or 4.26 million shares – to 15.56 million shares.
With over 3.3 million Compass Inc. (COMP) shares trading Friday and a closing price of $2.85 on the day, the dollar volume was approximately $9.39 million. The shares have shown a negative half year performance of -3.72% and its price on 03/10/23 lost nearly -3.06%. Currently, there are 436.66M common shares owned by the public and among those 406.49M 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: 6 analysts who have offered their price forecasts for COMP have a consensus price objective of $4.63. The analysts have set the share’s price value over the next 12 months at a high of $5.75 and a low of $3.50. The average price target is 37.22% above its recent price level and an upside to the estimated low will see the stock gain 18.57% over that period. But an upside of 50.43% will see the stock hit the forecast high price target while median target price for the stock is $4.75.
Insiders at the company have transacted a total of 163 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 83 of these insider trades were purchases, accounting for 1,714,936 shares. Insider sales of the common stock occurred on 80 occasions, with total insider shares sold totaling 1,078,263 shares.
The top 3 mutual fund holders in Compass Inc. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. Vanguard Real Estate Index Fund owns 10.61 million shares of the company’s stock, all valued at over $38.29 million. The company bought an additional 18445.0 shares recently to bring their total holdings to about 2.33% of the shares outstanding. Vanguard Total Stock Market Index bought 0.11 million shares to see its total holdings expand to 8.62 million shares valued at over $31.11 million and representing 1.89% of the shares outstanding. Vanguard Small Cap Index Fund bought 40066.0 shares to bring its total holdings to over 7.33 million shares at a value of $26.48 million. Vanguard Small Cap Index Fund now owns shares totaling to 1.61% of the shares outstanding.
Shares of Compass Inc. (NYSE: COMP) opened at $2.92, down -$0.02 from a prior closing price of $2.94. However, the script later moved the day high at 2.9300, down -3.06%. The company’s stock has a 5-day price change of -16.42% and 7.95% over the past three months. COMP shares are trading 22.32% year to date (YTD), with the 12-month market performance down to -60.91% lower. It has a 12-month low price of $1.84 and touched a high of $8.35 over the same period. COMP has an average intraday trading volume of 2.94 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 -21.78%, -17.79%, and -17.45% respectively.
Institutional ownership of Compass Inc. (NYSE: COMP) shares accounts for 67.10% of the company’s 436.66M shares outstanding. Mutual fund holders own 11.75%, while other institutional holders and individual stakeholders account for 19.13% and — respectively.
It has a market capitalization of $1.34B. The earnings-per-share (ttm) stands at -$1.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.57% over the week and 9.02% over the month.
Analysts forecast that Compass Inc. (COMP) will achieve an EPS of -$0.33 for the current quarter, -$0.29 for the next quarter and -$0.52 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.35 while analysts give the company a high EPS estimate of -$0.3. Comparatively, EPS for the current quarter was -$0.43 a year ago. Earnings per share for the fiscal year are expected to increase by 7.20%, and 34.40% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate Compass Inc. (COMP) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 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. UBS stated their Neutral rating for the stock in a research note on December 02, 2022, with the firm’s price target at $2.75. Morgan Stanley coverage for the Compass Inc. (COMP) stock in a research note released on July 21, 2022 offered a Equal-Weight rating with a price target of $5. Compass Point was of a view on June 21, 2022 that the stock is Buy, while Oppenheimer gave the stock Outperform rating on June 15, 2022, issuing a price target of $9- $8. Berenberg on their part issued Buy rating on January 11, 2022.
