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An update from Compass Diversified Holdings ( (CODI) ) is now available.
Compass Diversified Holdings (CODI) announced a delay in filing its quarterly report for the quarter ended March 31, 2025, due to concerns about financing, accounting, and inventory practices at its subsidiary, Lugano Holding, Inc. The company has also disclosed non-reliance on its financial statements for 2022, 2023, and 2024. To address these issues, CODI entered into a Forbearance Agreement with note holders to provide time for financial restatements and to prevent defaults under its senior notes. The agreement is expected to allow CODI to complete the restatement of its financial statements, but the company warns of potential adverse effects on its business if these efforts are unsuccessful.
The most recent analyst rating on (CODI) stock is a Hold with a $8.00 price target. To see the full list of analyst forecasts on Compass Diversified Holdings stock, see the CODI Stock Forecast page.
Spark’s Take on CODI Stock
According to Spark, TipRanks’ AI Analyst, CODI is a Neutral.
Compass Diversified Holdings faces significant challenges with financial irregularities and negative cash flows, impacting its overall stability. However, the company’s strong dividend yield and short-term technical momentum provide some positive aspects. The need for financial restatements and high leverage are key risks that weigh heavily on the stock’s score.
To see Spark’s full report on CODI stock, click here.
More about Compass Diversified Holdings
Average Trading Volume: 1,209,059
Technical Sentiment Signal: Sell
Current Market Cap: $564.3M
Find detailed analytics on CODI stock on TipRanks’ Stock Analysis page.