Compass, Inc. (NYSE:COMP) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Compass, Inc. (NYSE:COMP) have been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.1538.

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $15.00 target price on shares of Compass in a research note on Wednesday, August 5th. BTIG Research reiterated a “buy” rating on shares of Compass in a research note on Wednesday, July 15th. Wells Fargo & Company increased their price objective on shares of Compass from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. UBS Group raised their price objective on shares of Compass from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Compass from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st.

Insiders Place Their Bets

In related news, CEO Robert L. Reffkin sold 23,456 shares of the company’s stock in a transaction that occurred on 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 approximately $90,765,651.60. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. California State Teachers Retirement System purchased a new stake in shares of Compass during the second quarter valued at $119,834,000. Wellington Management Group LLP purchased a new position in Compass in the 2nd quarter worth about $41,838,000. Irenic Capital Management LP purchased a new position in Compass in the 2nd quarter worth about $22,156,000. Readystate Asset Management LP bought a new position in Compass during the 2nd quarter valued at about $20,237,000. Finally, Beaconlight Capital LLC bought a new position in Compass during the 2nd quarter valued at about $8,013,000. Hedge funds and other institutional investors own 67.05% of the company’s stock.

Compass Price Performance

Shares of NYSE COMP opened at $10.34 on Friday. Compass has a fifty-two week low of $6.37 and a fifty-two week high of $13.95. The company has a 50 day simple moving average of $11.89 and a two-hundred day simple moving average of $9.64. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 172.33 and a beta of 2.32. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06.

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

Compass Company Profile

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.