Compass (NYSE:COMP) Trading Up 9.4% – Still a Buy?

Compass, Inc. (NYSE:COMP) shares were up 9.4% during trading on Wednesday . The stock traded as high as $10.80 and last traded at $10.8230. Approximately 5,839,654 shares changed hands during trading, a decline of 67% from the average session volume of 17,438,656 shares. The stock had previously closed at $9.89.

Analysts Set New Price Targets

A number of research firms have issued reports on COMP. UBS Group reduced their price target on Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Benchmark started coverage on shares of Compass in a research note on Thursday, March 26th. They set a “buy” rating and a $14.00 target price on the stock. Barclays reduced their target price on shares of Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Weiss Ratings upgraded shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Morgan Stanley boosted their price target on shares of Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.62.

Compass Trading Up 6.6%

The company has a 50-day moving average price of $8.27 and a 200-day moving average price of $9.55. The firm has a market capitalization of $7.87 billion, a price-to-earnings ratio of 527.80 and a beta of 2.43. 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 issued its earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.20. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. As a group, research analysts forecast that Compass, Inc. will post 0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $7.69, for a total transaction of $180,376.64. Following the sale, the chief executive officer owned 7,804,660 shares of the company’s stock, valued at approximately $60,017,835.40. This trade 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.85% 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.