Compass (NYSE:COMP) Raised to Outperform at Zelman & Associates

Compass (NYSE:COMP) was upgraded by research analysts at Zelman & Associates from a “buy” rating to an “outperform” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports.

Several other research analysts also recently commented on COMP. Weiss Ratings raised Compass from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 12th. UBS Group lifted their target price on Compass from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Compass Point set a $11.00 target price on Compass in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $15.00 target price on shares of Compass in a report on Wednesday, August 5th. Finally, Barclays lifted their target price on Compass from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Compass has a consensus rating of “Moderate Buy” and an average target price of $13.50.

Compass Trading Up 5.5%

Shares of COMP stock opened at $9.51 on Wednesday. The firm has a market capitalization of $7.20 billion, a P/E ratio of 158.42 and a beta of 2.32. Compass has a twelve month low of $6.37 and a twelve month high of $13.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The stock’s fifty day simple moving average is $10.38 and its 200 day simple moving average is $9.85.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.11 billion. Compass had a return on equity of 3.62% and a net margin of 0.63%. As a group, sell-side analysts predict that Compass will post 0.19 EPS for the current fiscal year.

Insider Activity

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fund 1 Investments LLC acquired a new position in Compass during the 2nd quarter worth approximately $2,837,000. Irenic Capital Management LP acquired a new position in Compass during the 2nd quarter worth approximately $22,156,000. Steamboat Capital Partners LLC acquired a new position in Compass during the 2nd quarter worth approximately $17,069,000. Readystate Asset Management LP acquired a new position in Compass during the 2nd quarter worth approximately $20,237,000. Finally, Squarepoint Ops LLC acquired a new position in Compass during the 2nd quarter worth approximately $10,232,000. 67.05% of the stock is owned by institutional investors and hedge funds.

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.