In yesterday’s Wall Street session, Compass Inc (NYSE:COMP) shares traded at $3.47, up 5.47% from the previous session.
COMP stock price is now -1.73% away from the 50-day moving average and 8.99% away from the 200-day moving average. The market capitalization of the company currently stands at $1.68B.
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With the price target reduced from $2.75 to $2.25, Gordon Haskett Downgraded its rating from Hold to Underperform for Compass Inc (NYSE: COMP). On November 21, 2023, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $2.70, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, SVF Excalibur (Cayman) Ltd, 10% Owner sold 10,000,000 shares of the company’s stock on Jan 09 ’24. The stock was sold for $36,600,000 at an average price of $3.66. Upon completion of the transaction, the 10% Owner now directly owns 92,470,273 shares in the company, valued at $320.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, 10% Owner SVF Excalibur (Cayman) Ltd sold 14,895,000 shares of the business’s stock. A total of $39,620,700 was realized by selling the stock at an average price of $2.66. This leaves the insider owning 102,470,273 shares of the company worth $355.57 million. A total of 24.90% of the company’s stock is owned by insiders.
During the past 12 months, Compass Inc has had a low of $1.82 and a high of $4.49. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 0.96, and a quick ratio of 0.96. The fifty day moving average price for COMP is $3.5362 and a two-hundred day moving average price translates $3.1834 for the stock.
The latest earnings results from Compass Inc (NYSE: COMP) was released for Dec, 2023. According to the Real Estate Services Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.18 by 0.01. This compares to -$0.36 EPS in the same period last year. The net profit margin was -6.58% and return on equity was -67.94% for COMP. The company reported revenue of $1.1 billion for the quarter, compared to $1.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.98 percent. For the current quarter, analysts expect COMP to generate $1.02B in revenue.
