Compass, Inc. (NYSE:COMP) Receives Average Rating of “Moderate Buy” from Analysts

Compass, Inc. (NYSE:COMP) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.15.

Several brokerages recently commented on COMP. BTIG Research reissued a “buy” rating on shares of Compass in a report on Wednesday, July 15th. UBS Group increased their price target on Compass from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, July 31st. The Goldman Sachs Group lifted their price target on Compass from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Zelman & Associates reissued a “hold” rating and issued a $13.50 price objective on shares of Compass in a research note on Thursday, August 6th. Finally, Zacks Research lowered Compass from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th.

Compass Stock Performance

COMP stock opened at $9.40 on Tuesday. The company has a 50-day simple moving average of $11.30 and a 200 day simple moving average of $9.70. The company has a market capitalization of $7.12 billion, a P/E ratio of 156.75 and a beta of 2.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. Compass has a fifty-two week low of $6.37 and a fifty-two week high of $13.95.

Compass (NYSE:COMP) last released its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Compass had a net margin of 0.63% and a return on equity of 3.62%. Sell-side analysts predict that Compass will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at Compass

In other Compass news, CEO Robert Reffkin sold 23,456 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $11.70, for a total value of $274,435.20. Following the sale, the chief executive officer directly owned 7,757,748 shares in the company, valued at approximately $90,765,651.60. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Compass

Several large investors have recently made changes to their positions in the business. Wellington Management Group LLP acquired a new position in Compass in the second quarter worth approximately $41,838,000. Irenic Capital Management LP acquired a new stake in shares of Compass during the 2nd quarter valued at $22,156,000. Readystate Asset Management LP acquired a new stake in shares of Compass during the 2nd quarter valued at $20,237,000. Steamboat Capital Partners LLC bought a new stake in shares of Compass during the 2nd quarter worth $17,069,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Compass during the 2nd quarter worth $10,232,000. Institutional investors own 67.05% of the company’s stock.

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides brokerage services through a network of real estate agents who help clients buy, sell, and market residential properties.

Compass supports its agents with a suite of digital tools, including customer relationship management, property search, marketing, lead generation, transaction management, and workflow software. Its platform is designed to streamline the real estate process while helping agents manage client relationships and promote property listings.

Founded in 2012 as Urban Compass, the company later adopted the Compass name and expanded its operations across major U.S.