Compass (NYSE:COMP) Trading Up 6.7% – Here’s Why

Compass, Inc. (NYSE:COMP)’s stock price rose 6.7% during trading on Wednesday . The stock traded as high as $12.26 and last traded at $12.4580. Approximately 1,187,174 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 17,312,088 shares. The stock had previously closed at $11.68.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BTIG Research reaffirmed a “buy” rating on shares of Compass in a research report on Wednesday. Benchmark began coverage on shares of Compass in a research report on Thursday, March 26th. They set a “buy” rating and a $14.00 price objective on the stock. Zacks Research upgraded shares of Compass from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 6th. Morgan Stanley boosted their target price on shares of Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.12.

Compass Price Performance

The company has a 50-day moving average of $9.54 and a 200-day moving average of $9.69. The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 629.75 and a beta of 2.35. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.20. Compass had a return on equity of 1.11% and a net margin of 0.17%.The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, research analysts anticipate that Compass, Inc. will post 0.1 EPS for the current fiscal year.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $12.51, for a total transaction of $293,434.56. Following the completion of the sale, the chief executive officer directly owned 7,781,204 shares in the company, valued at $97,342,862.04. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by insiders.

About Compass

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.