COMPASS Pathways plc (NASDAQ: CMPS) Given the average brokerage “buy” recommendation
Shares of COMPASS Pathways plc (NASDAQ: CMPS) received an average âbuyâ recommendation from the eight brokerages that currently cover the company, reports MarketBeat.com. One equity research analyst rated the stock with a conservation rating and seven issued a buy rating on the company. The 1-year average target price among brokers who updated their equity coverage in the past year is $ 79.86.
A number of research analysts have recently published reports on CMPS stocks. HC Wainwright raised its price target on COMPASS Pathways from $ 100.00 to $ 120.00 and gave the stock a “buy” rating in a report released on Monday, November 22. Oppenheimer began coverage of COMPASS Pathways in a report on Thursday, October 28. They set an “outperform” rating and a target price of $ 50.00 for the stock. Cantor Fitzgerald raised his price target on COMPASS Pathways from $ 71.00 to $ 82.00 and rated the stock “overweight” in a report released on Tuesday, November 9. They noted that the move was an appraisal call. Roth Capital raised its price target on COMPASS Pathways from $ 79.00 to $ 117.00 and gave the stock a “buy” rating in a report released on Tuesday, November 9. Finally, Zacks investment research upgraded COMPASS Pathways from a “sell” note to a “conservation” note in a research report published on Friday, November 12th.
A number of hedge funds and other institutional investors have recently changed their positions in CMPS. AGF Investments Inc. increased its position in COMPASS Pathways by 937,652.9% during the 3rd quarter. AGF Investments Inc. now owns 637,672 shares of the company valued at $ 19,047,000 after acquiring an additional 637,604 shares during the period. Logos Global Management LP strengthened its position in COMPASS Pathways by 240.0% during the 2nd quarter. Logos Global Management LP now owns 850,000 shares of the company valued at $ 32,428,000 after acquiring an additional 600,000 shares during the period. Wells Fargo & Company MN strengthened its position in COMPASS Pathways by 504.8% during the 2nd quarter. Wells Fargo & Company MN now owns 203,586 shares of the company valued at $ 7,766,000 after acquiring an additional 169,925 shares during the period. Oasis Management Co Ltd. purchased a new equity interest in COMPASS Pathways during the second quarter valued at approximately $ 6,024,000. Finally, Victory Capital Management Inc. increased its stake in COMPASS Pathways shares by 22.8% during the 2nd quarter. Victory Capital Management Inc. now owns 797,443 shares of the company valued at $ 30,423,000 after purchasing an additional 148,243 shares in the last quarter. Hedge funds and other institutional investors hold 17.86% of the company’s shares.
Actions of CMPS open at $ 23.00 Thursday. The stock’s fifty-day moving average is $ 33.33 and its 200-day moving average is $ 33.72. COMPASS Pathways has a one-year minimum of $ 21.20 and a one-year maximum of $ 60.87.
COMPASS Pathways (NASDAQ: CMPS) last released its results on Monday, November 8. The company reported ($ 0.38) earnings per share (EPS) for the quarter, beating analyst consensus estimates ($ 0.49) by $ 0.11. Sell-side analysts expect COMPASS Pathways to post -1.72 EPS for the current year.
COMPASS Pathways Company Profile
COMPASS Pathways plc is a UK and US mental health care company. She is developing COMP360, a formulation of psilocybin that is in a Phase IIb clinical trial to treat patients with treatment-resistant depression. The company was previously known as COMPASS Rx Limited and changed its name to COMPASS Pathways plc in August 2020.
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