In yesterday’s Wall Street session, Compass Inc (NYSE:COMP) shares traded at $3.66, down -7.11% from the previous session.
COMP stock price is now -0.75% away from the 50-day moving average and 14.28% away from the 200-day moving average. The market capitalization of the company currently stands at $1.88B.
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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 16,900,000 shares of the company’s stock on May 16 ’24. The stock was sold for $72,670,000 at an average price of $4.30. Upon completion of the transaction, the 10% Owner now directly owns 75,570,273 shares in the company, valued at $276.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 09 ’24, 10% Owner SVF Excalibur (Cayman) Ltd sold 10,000,000 shares of the business’s stock. A total of $36,600,000 was realized by selling the stock at an average price of $3.66. This leaves the insider owning 92,470,273 shares of the company worth $338.44 million. A total of 21.35% 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 $4.68. As of last week, the company has a debt-to-equity ratio of 1.57, a current ratio of 0.81, and a quick ratio of 0.81. The fifty day moving average price for COMP is $3.6878 and a two-hundred day moving average price translates $3.2043 for the stock.
The latest earnings results from Compass Inc (NYSE: COMP) was released for 2024-03-31. According to the Real Estate Services Company, earnings per share came in at -0.1, missing analysts’ expectations of -0.05 by -0.05. This compares to -$0.33 EPS in the same period last year. The net profit margin was -6.10% and return on equity was -77.07% for COMP. The company reported revenue of $1.05 billion for the quarter, compared to $957.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.12 percent. For the current quarter, analysts expect COMP to generate $1.64B in revenue.
