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

Compass Diversified Holdings (NYSE:CODI) has been assigned 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 given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $17.00.

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass Diversified in a report on Thursday, October 15th. LADENBURG THALM/SH SH began coverage on Compass Diversified in a report on Tuesday, October 13th. They issued a “buy” rating and a $17.00 target price on the stock. Wall Street Zen raised Compass Diversified from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Compass Point set a $17.00 price target on Compass Diversified in a report on Tuesday, October 13th. Finally, TD Cowen boosted their price objective on shares of Compass Diversified from $12.50 to $18.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th.

Compass Diversified Stock Down 1.8%

CODI stock opened at $11.26 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.26 and a debt-to-equity ratio of 11.90. Compass Diversified has a twelve month low of $4.58 and a twelve month high of $13.25. The company has a market cap of $847.50 million, a price-to-earnings ratio of -12.52 and a beta of 1.29. The business has a 50 day moving average price of $11.07 and a two-hundred day moving average price of $9.88.

Compass Diversified (NYSE:CODI) last issued its quarterly earnings data on Monday, August 10th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $424.04 million for the quarter. Compass Diversified had a negative net margin of 5.38% and a negative return on equity of 10.36%. Analysts anticipate that Compass Diversified will post 0.08 EPS for the current fiscal year.

Insider Transactions at Compass Diversified

In other news, insider Teri Shaffer acquired 11,881 shares of Compass Diversified stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of $12.25 per share, for a total transaction of $145,542.25. Following the completion of the transaction, the insider directly owned 13,201 shares in the company, valued at approximately $161,712.25. This trade represents a 900.08% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Zachary T. Sawtelle bought 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was purchased 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 directly owned 56,588 shares of the company’s stock, valued at approximately $678,490.12. This trade represents a 79.14% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 140,995 shares of company stock worth $1,715,498 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Compass Diversified

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

About Compass Diversified

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.