Compass Diversified Holdings (NYSE:CODI) Stock Has Consensus Target Price of $17.00

Key Points

• Analyst sentiment is mixed: Seven firms rate Compass Diversified a consensus “Hold” (four buys, two holds, one sell), with an average 12-month price target of $17.00.
• The stock opened at $11.26, while its latest reported quarter showed a loss of $0.09 per share on revenue of $424.04 million; analysts expect full-year EPS of $0.08 on average.
• Insiders have been buying: Company insiders purchased 140,995 shares worth about $1.72 million over the past 90 days.

Shares of Compass Diversified Holdings (NYSE:CODI - Get Free Report) have received an average rating of "Hold" from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $17.00.

CODI has been the topic of several research analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Compass Diversified in a research note on Thursday, October 15th. Compass Point set a $17.00 price objective on shares of Compass Diversified in a report on Tuesday, October 13th. LADENBURG THALM/SH SH began coverage on shares of Compass Diversified in a report on Tuesday, October 13th. They issued a "buy" rating and a $17.00 price target on the stock. B. Riley Financial upgraded shares of Compass Diversified from a "neutral" rating to a "buy" rating and lifted their price target for the company from $11.00 to $15.00 in a research report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Compass Diversified from a "sell" rating to a "hold" rating in a report on Saturday, August 29th.

Compass Diversified Stock Down 1.8%

NYSE:CODI opened at $11.26 on Friday. The company has a debt-to-equity ratio of 11.90, a quick ratio of 1.10 and a current ratio of 2.26. The company has a market cap of $847.50 million, a PE ratio of -12.52 and a beta of 1.29. Compass Diversified has a 52-week low of $4.58 and a 52-week high of $13.25. The stock has a 50-day simple moving average of $11.07 and a 200 day simple moving average of $9.88.

Compass Diversified (NYSE:CODI - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) earnings per share for the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. The company had revenue of $424.04 million for the quarter. On average, sell-side analysts expect that Compass Diversified will post 0.08 EPS for the current fiscal year.

Insider Activity

In other Compass Diversified news, insider Zachary Sawtelle acquired 25,000 shares of the stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average price of $11.99 per share, with a total value of $299,750.00. Following the completion of the purchase, the insider owned 56,588 shares in the company, valued at $678,490.12. This trade represents a 79.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Teri Shaffer bought 11,881 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of $12.25 per share, with a total value of $145,542.25. Following the completion of the acquisition, the insider owned 13,201 shares of the company's stock, valued at $161,712.25. This trade represents a 900.08% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 140,995 shares of company stock worth $1,715,498. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Compass Diversified

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its stake in Compass Diversified by 1.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 306,259 shares of the financial services provider's stock worth $3,341,000 after acquiring an additional 4,979 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Compass Diversified by 0.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,848,295 shares of the financial services provider's stock worth $42,370,000 after purchasing an additional 32,539 shares in the last quarter. State of Wyoming raised its position in shares of Compass Diversified by 85.1% in the third quarter. State of Wyoming now owns 45,824 shares of the financial services provider's stock worth $500,000 after buying an additional 21,062 shares in the last quarter. Engineers Gate Manager LP grew its holdings in Compass Diversified by 135.5% in the second quarter. Engineers Gate Manager LP now owns 129,216 shares of the financial services provider's stock worth $1,377,000 after purchasing an additional 74,344 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Compass Diversified during the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 72.73% of the company's stock.

Compass Diversified Company Profile

Compass Diversified is a holding company that acquires and manages controlling interests in middle-market businesses. Rather than operating as a single-product company, it owns a diversified portfolio of subsidiaries across consumer and industrial markets and provides them with capital, strategic guidance and operational support.

The company's portfolio has included businesses that develop and sell outdoor and recreational equipment, apparel and accessories, home and wellness products, food and beverage items, and specialty industrial products.

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