Compass Inc. [COMP] Director makes an insider acquire of 30,000 shares worth 161,700.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Compass Inc. shares valued at $161,700 were purchased by Martell Frank on May 16. At $5.39 per share, Martell Frank acquired 30,000 shares. The insider’s holdings grew to 30,000 shares worth approximately $0.12 million following the completion of this transaction.


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Also, Lehman Robert S. sold 400 shares, netting a total of over 4,400 in proceeds. Following the sale of shares at $11.00 each, the insider now holds 331,361 shares.

Before that, Lehman Robert S. had sold 8,110 shares from its account. In a trade valued at $89,210, the Chief Business Officer traded Compass Inc. shares for $11.00 each. Upon closing the transaction, the insider’s holdings decreased to 8,110 shares, worth approximately $1.3 million.

As published in a research note from Morgan Stanley on July 21, 2022, Compass Inc. [COMP] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $5 from $7. This represents a 21.8% premium over Thursday’s closing price. Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of June 15, 2022, Oppenheimer has reiterated its “an Outperform” rating for COMP. Earlier on January 11, 2022, Berenberg initiated its rating. Their recommendation was “a Buy” for COMP stock.

Analyzing COMP’s Price Performance

On Thursday, Compass Inc. [NYSE: COMP] plunged -1.51% to $3.91. The stock’s lowest price that day was $3.885, but it reached a high of $4.04 in the same session. During the last five days, there has been a surge of approximately 1.03%. Over the course of the year, Compass Inc. shares have dropped approximately -56.99%. Shares of the company reached a 52-week high of $9.71 on 01/03/22 and a 52-week low of $3.32 on 06/30/22. A 50-day SMA is recorded $4.48, while a 200-day SMA reached $7.43. Nevertheless, trading volume fell to 1.91 million shares from 2.49 million shares the previous day.

Support And Resistance Levels for Compass Inc. (COMP)

According to the 24-hour chart, there is a support level at 3.85, which, if violated, would cause prices to drop to 3.79. In the upper region, resistance lies at 4.01. The next price resistance is at 4.10. RSI (Relative Strength Index) is 46.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 43.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Compass Inc. subject to short interest?

Stocks of Compass Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 2.3 million shares to 17.88 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 15.58 million shares. A jump of 12.86% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.32 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.32.

Which companies own the most shares of Compass Inc. (COMP)?

According to Discovery Capital Management LLC filings, the company currently owns 19,763,519 shares, which is about 4.61% of the total COMP shares outstanding. The investor’s shares have plunged by -6,593,946 from its previous 13-F filing of 26357465.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $63,746,203. Winslow Capital Management LLC reduced a -0.20% interest valued at $27.97 million while Wishbone Management LP 7,684,771 stake. In its current portfolio, Artisan Partners LP holds 4,514,771 shares valued at $16.3 million.

In terms of Compass Inc. share price expectations, FactSet research, analysts set an average price target of $6.75 in the next 12 months, up nearly 76.32% from the previous closing price of $3.97. Analysts anticipate Compass Inc. stock to reach $8.50 by 2022, with the lowest price target being $5.00. In spite of this, 8 analysts ranked Compass Inc. stock as an Overweight at the end of 2022. On August 10, 2021, Compass Point assigned a price target of “a Buy” to the stock and upgraded coverage with a $20.

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