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COMPASS Pathways PLC Sponsored ADR (NASDAQ:CMPS) Receives $17.00 Average Price Target from Brokerages

COMPASS Pathways logo with Medical background

Shares of COMPASS Pathways PLC Sponsored ADR (NASDAQ:CMPS - Get Free Report) have been given an average rating of "Moderate Buy" by the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $17.00.

CMPS has been the subject of a number of recent analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $12.00 price objective on shares of COMPASS Pathways in a report on Tuesday, May 27th. HC Wainwright restated a "buy" rating on shares of COMPASS Pathways in a report on Monday, June 23rd. Finally, Evercore ISI restated an "in-line" rating and set a $6.00 price objective (down previously from $11.00) on shares of COMPASS Pathways in a report on Monday, June 23rd.

Read Our Latest Stock Analysis on COMPASS Pathways

COMPASS Pathways Trading Down 1.3%

Shares of COMPASS Pathways stock traded down $0.05 on Tuesday, reaching $3.67. The company had a trading volume of 1,866,838 shares, compared to its average volume of 1,263,467. The firm has a market cap of $343.37 million, a price-to-earnings ratio of -1.84 and a beta of 2.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 10.18 and a quick ratio of 10.18. The firm's 50-day moving average price is $3.96 and its two-hundred day moving average price is $3.78. COMPASS Pathways has a 1 year low of $2.25 and a 1 year high of $8.54.

COMPASS Pathways (NASDAQ:CMPS - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.44) EPS for the quarter, topping analysts' consensus estimates of ($0.47) by $0.03. As a group, research analysts predict that COMPASS Pathways will post -2.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vivo Capital LLC boosted its stake in shares of COMPASS Pathways by 109.1% during the first quarter. Vivo Capital LLC now owns 3,362,385 shares of the company's stock valued at $9,616,000 after purchasing an additional 1,754,385 shares in the last quarter. RTW Investments LP purchased a new position in COMPASS Pathways during the fourth quarter valued at approximately $11,714,000. Nantahala Capital Management LLC increased its holdings in COMPASS Pathways by 182.9% during the first quarter. Nantahala Capital Management LLC now owns 2,829,232 shares of the company's stock valued at $8,092,000 after buying an additional 1,829,232 shares during the period. ARK Investment Management LLC increased its holdings in COMPASS Pathways by 4.0% during the first quarter. ARK Investment Management LLC now owns 1,804,803 shares of the company's stock valued at $5,162,000 after buying an additional 68,601 shares during the period. Finally, GMT Capital Corp increased its holdings in COMPASS Pathways by 15.1% during the first quarter. GMT Capital Corp now owns 1,781,718 shares of the company's stock valued at $5,096,000 after buying an additional 233,918 shares during the period. 46.19% of the stock is currently owned by institutional investors.

About COMPASS Pathways

(Get Free Report

COMPASS Pathways plc operates as a mental health care company in the United Kingdom and the United States. It develops COMP360, a psilocybin therapy that is in Phase III clinical trials for the treatment of treatment-resistant depression; and is in Phase II clinical trials for the treatment of post-traumatic stress disorder and anorexia nervosa.

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Analyst Recommendations for COMPASS Pathways (NASDAQ:CMPS)

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