B. Riley Has Lowered Expectations for Compass Diversified (NYSE:CODI) Stock Price

Compass Diversified (NYSE:CODI) had its price target cut by stock analysts at B. Riley from $18.00 to $13.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. B. Riley’s target price suggests a potential upside of 124.53% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Compass Diversified from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Compass Diversified in a research report on Friday, December 26th. Zacks Research lowered shares of Compass Diversified from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, CJS Securities upgraded shares of Compass Diversified to a “hold” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Compass Diversified presently has an average rating of “Reduce” and an average target price of $13.00.

Compass Diversified Stock Performance

NYSE:CODI opened at $5.79 on Wednesday. Compass Diversified has a 52-week low of $4.58 and a 52-week high of $22.21. The company has a market cap of $435.64 million, a P/E ratio of -2.11 and a beta of 1.06. The stock’s 50-day simple moving average is $5.56 and its 200 day simple moving average is $6.45.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported ($0.98) earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($1.59). The company had revenue of $472.56 million during the quarter, compared to the consensus estimate of $497.19 million. Compass Diversified had a negative net margin of 7.08% and a positive return on equity of 24.48%. As a group, equities analysts predict that Compass Diversified will post 1.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Compass Diversified

Several hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its holdings in Compass Diversified by 1.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,346,106 shares of the financial services provider’s stock worth $20,209,000 after purchasing an additional 49,423 shares during the last quarter. SG Americas Securities LLC bought a new position in Compass Diversified during the 4th quarter worth $139,000. JPMorgan Chase & Co. lifted its holdings in shares of Compass Diversified by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 488,398 shares of the financial services provider’s stock worth $3,233,000 after buying an additional 4,711 shares in the last quarter. CIBC Bancorp USA Inc. bought a new stake in shares of Compass Diversified in the third quarter valued at about $81,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Compass Diversified by 220.2% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,122,443 shares of the financial services provider’s stock valued at $7,431,000 after acquiring an additional 771,923 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

About Compass Diversified

Compass Diversified Holdings (NYSE:CODI) is a publicly traded private equity company headquartered in Bethesda, Maryland. The firm specializes in acquiring and managing middle-market businesses across a variety of industries, with a focus on driving operational performance and sustainable growth. As an externally managed entity, Compass Diversified leverages a disciplined investment approach to build a portfolio of market-leading companies that benefit from strategic oversight, capital support and shared best practices.

Compass Diversified’s investment activities span five core sectors: branded consumer, consumer services, differentiated industrial products, value-added distribution and business services.