Compass Inc. (NYSE: COMP) stock jumped 1.26% on Friday to $3.22 against a previous-day closing price of $3.18. With 7.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.45 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $3.2500 whereas the lowest price it dropped to was $3.0300. The 52-week range on COMP shows that it touched its highest point at $5.16 and its lowest point at $1.84 during that stretch. It currently has a 1-year price target of $4.43. Beta for the stock currently stands at 2.63.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COMP was down-trending over the past week, with a drop of -3.59%, but this was down by -3.88% over a month. Three-month performance dropped to -5.01% while six-month performance rose 5.23%. The stock gained 5.23% in the past year, while it has gained 38.20% so far this year. A look at the trailing 12-month EPS for COMP yields -1.16 with Next year EPS estimates of -0.18. For the next quarter, that number is -0.07. This implies an EPS growth rate of 7.20% for this year and 71.90% for next year.
Float and Shares Shorts:
At present, 460.96 million COMP shares are outstanding with a float of 434.39 million shares on hand for trading. On Aug 30, 2023, short shares totaled 16.13 million, which was 3.46% higher than short shares on Jul 30, 2023. In addition to Mr. Robert L. Reffkin as the firm’s Founder, Chairman & CEO, Mr. Kalani Reelitz serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 64.20% of COMP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 0.00% of COMP, in contrast to 0.00% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in COMP with 0.00% of the stake, U.S. Bank NA holds 14,162 shares worth 14,162. A second-largest stockholder of COMP, Parallel Advisors LLC, holds 7,369 shares, controlling over 0.00% of the firm’s shares. Klingman & Associates LLC is the third largest shareholder in COMP, holding 237,009 shares or 0.00% stake. With a 0.00% stake in COMP, the Voya Small Company Portfolio is the largest stakeholder. A total of 225,638 shares are owned by the mutual fund manager. The DFA US Micro Cap Portfolio, which owns about 0.00% of COMP stock, is the second-largest Mutual Fund holder. It holds 1,048,506 shares valued at 0.0. Fidelity Extended Market Index Fu holds 0.00% of the stake in COMP, owning 1,376,251 shares worth 0.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, COMP reported revenue of $2.02B and operating income of -$80.40M. The EBITDA in the recently reported quarter was -$55.00M and diluted EPS was -$0.24.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COMP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With COMP analysts setting a high price target of $6.00 and a low target of $3.50, the average target price over the next 12 months is $4.43. Based on these targets, COMP could surge 86.34% to reach the target high and rise by 8.7% to reach the target low. Reaching the average price target will result in a growth of 37.58% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded COMP stock several times over the past three months with 14 Buys and 7 Sells. In these transactions, 834,903 shares were bought while 243,779 shares were sold. The number of buy transactions has increased to 59 while that of sell transactions has risen to 46 over the past year. The total number of shares bought during that period was 1,730,068 while 15,546,921 shares were sold.
