COMPASS Pathways (NASDAQ:CMPS) Releases Earnings Results, Misses Estimates By $0.01 EPS
COMPASS Pathways (NASDAQ:CMPS) reported quarterly earnings of ($0.38) per share, missing estimates by $0.01. The stock traded down 0.2% to $4.34, with a market cap of $406.05 million. Analysts have mixed ratings, with a consensus target price of $17.00. Institutional investors own 46.19% of the company, which focuses on psilocybin therapy for mental health conditions. Despite a Moderate Buy rating, COMPASS Pathways is not among the top stocks recommended by analysts.
COMPASS Pathways (NASDAQ:CMPS - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.01), Zacks reports.
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COMPASS Pathways Trading Down 0.2%
Shares of NASDAQ:CMPS traded down $0.01 during midday trading on Friday, hitting $4.34. 2,524,177 shares of the stock were exchanged, compared to its average volume of 2,277,808. The stock has a market capitalization of $406.05 million, a price-to-earnings ratio of -2.36 and a beta of 2.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 10.18 and a current ratio of 10.18. The business's 50-day moving average price is $3.99 and its 200 day moving average price is $3.80. COMPASS Pathways has a 12 month low of $2.25 and a 12 month high of $8.54.
Analysts Set New Price Targets
CMPS has been the topic of several research analyst reports. Evercore ISI reaffirmed an "in-line" rating and issued a $6.00 price objective (down from $11.00) on shares of COMPASS Pathways in a research note on Monday, June 23rd. HC Wainwright reiterated a "buy" rating and issued a $45.00 target price on shares of COMPASS Pathways in a research report on Tuesday, July 15th. Canaccord Genuity Group reiterated a "buy" rating and issued a $15.00 target price on shares of COMPASS Pathways in a research report on Friday. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $12.00 target price on shares of COMPASS Pathways in a research report on Tuesday, May 27th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.00.
Read Our Latest Research Report on CMPS
Institutional Trading of COMPASS Pathways
An institutional investor recently raised its position in COMPASS Pathways stock. Royal Bank of Canada lifted its position in shares of COMPASS Pathways PLC Sponsored ADR (NASDAQ:CMPS - Free Report) by 49.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,446 shares of the company's stock after purchasing an additional 29,733 shares during the period. Royal Bank of Canada owned about 0.10% of COMPASS Pathways worth $256,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 46.19% of the company's stock.
COMPASS Pathways Company Profile
(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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