Compass, Inc. (NYSE:COMP) Receives $14.15 Consensus Target Price from Analysts

Compass, Inc. (NYSE:COMP) has received an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $14.1538.

A number of research firms recently commented on COMP. UBS Group upped their price objective on shares of Compass from $12.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $15.00 target price on shares of Compass in a report on Wednesday, August 5th. The Goldman Sachs Group increased their price target on Compass from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Barclays raised their price target on Compass from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, Oppenheimer lifted their price objective on Compass from $15.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th.

Compass Stock Performance

Shares of NYSE:COMP opened at $11.08 on Friday. The firm’s 50 day simple moving average is $11.89 and its 200 day simple moving average is $9.65. Compass has a fifty-two week low of $6.37 and a fifty-two week high of $13.95. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 184.67 and a beta of 2.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $4.31 billion during 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%. As a group, sell-side analysts forecast that Compass will post 0.24 earnings per share for the current year.

Insider Buying and Selling

In other Compass news, CEO Robert Reffkin sold 23,456 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $11.70, for a total transaction 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. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.85% of the company’s stock.

Institutional Investors Weigh In On Compass

Several large investors have recently made changes to their positions in the stock. California State Teachers Retirement System acquired a new stake in shares of Compass during the second quarter worth $119,834,000. Wellington Management Group LLP acquired a new position in Compass in the 2nd quarter worth $41,838,000. Irenic Capital Management LP bought a new position in Compass during the 2nd quarter worth about $22,156,000. Readystate Asset Management LP acquired a new stake in shares of Compass in the 2nd quarter valued at about $20,237,000. Finally, Beaconlight Capital LLC acquired a new stake in shares of Compass in the 2nd quarter valued at about $8,013,000. Institutional investors own 67.05% of the company’s stock.

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.