Short Interest in Compass, Inc. (NYSE:COMP) Decreases By 6.7%

Compass, Inc. (NYSE:COMP) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totalling 25,150,000 shares, a drop of 6.7% from the July 15th total of 26,970,000 shares. Currently, 6.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,280,000 shares, the short-interest ratio is currently 5.9 days.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 27,664 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the transaction, the chief executive officer now directly owns 393,486 shares of the company’s stock, valued at approximately $1,640,836.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.25% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COMP. UBS Group boosted their price target on shares of Compass from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Tuesday, May 14th. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and boosted their target price for the company from $3.00 to $3.75 in a report on Tuesday, June 25th. Needham & Company LLC raised their price target on shares of Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays lifted their price target on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price objective on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.28.

Compass Trading Down 2.4 %

Shares of NYSE COMP opened at $4.78 on Wednesday. The stock has a market capitalization of $2.36 billion, a PE ratio of -7.70 and a beta of 2.89. Compass has a twelve month low of $1.82 and a twelve month high of $4.91. The stock has a fifty day simple moving average of $4.07 and a 200-day simple moving average of $3.79.

Compass (NYSE:COMP) last released its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. Compass had a negative return on equity of 56.79% and a negative net margin of 4.53%. During the same period in the previous year, the company posted ($0.10) EPS. On average, equities analysts predict that Compass will post -0.38 earnings per share for the current year.

Compass Company Profile

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.