Compass Inc (NYSE: COMP): Performance Review And Forecast

In the latest trading session, 1.9 million shares of the Compass Inc (NYSE:COMP) were traded, and its beta was 2.87. Most recently the company’s share price was $6.51, and it changed around $0.13 or 2.04% from the last close, which brings the market valuation of the company to $3.41B. COMP currently trades at a discount to its 52-week high of $6.43, offering almost 1.23% off that amount. The share price’s 52-week low was $1.82, which indicates that the current value has risen by an impressive 72.04% since then. We note from Compass Inc’s average daily trading volume that its 10-day average is 5.93 million shares, with the 3-month average coming to 4.98 million.

Compass Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.11. If we narrow it down even further, the data shows that 0 out of 9 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended COMP as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Compass Inc is expected to report earnings per share of -0.02 for the current quarter.

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Compass Inc (NYSE:COMP) trade information

Instantly COMP has showed a green trend with a performance of 2.04% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.57 on recent trading dayincreased the stock’s daily price by 0.91%. The company’s shares are currently up 73.14% year-to-date, but still up 10.34% over the last five days. On the other hand, Compass Inc (NYSE:COMP) is 38.22% up in the 30-day period. We can see from the shorts that 22.0 million shares have been sold at a short interest cover period of 4.01 day(s).

The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to decrease their stock price by -0.15% from its current value. Analyst projections state that COMP is forecast to be at a low of $3.75 and a high of $10.5.

Compass Inc (COMP) estimates and forecasts

Compass Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 122.18 percent over the past six months and at a 43.48% annual growth rate that is well above the industry average of 16.20%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 75.00% in revenue this quarter, and will report an increase of 35.30% in the next quarter. The year-over-year growth rate is expected to be 12.70%, up from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 1.5B in revenue for the current quarter. 8 analysts expect Compass Inc to make 1.25B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.34B and 1.1B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 12.20%. Forecasts for the next quarter put sales growth at 14.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -3.93%.

COMP Dividends

Compass Inc’s next quarterly earnings report is expected to be released on 2024-Nov-04.

Compass Inc (NYSE:COMP)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 2.56% of Compass Inc shares, and 68.20% of them are in the hands of institutional investors. The stock currently has a share float of 70.00%. Compass Inc stock is held by 278.0 institutions, with SB INVESTMENT ADVISERS (UK) LTD being the largest institutional investor. By 2024-06-30, it held 15.4225% of the shares, which is about 75.57 million shares worth $272.05 million.

VANGUARD GROUP INC, with 13.1148% or 64.26 million shares worth $231.34 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Specialized-Real Estate Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 15.85 shares worth $100.96 million, making up 3.21% of all outstanding shares. On the other hand, Vanguard Specialized-Real Estate Index Fund held roughly 15.16 shares worth around $96.56 million, which represents about 3.07% of the total shares outstanding.