Compass (NYSE:COMP) Reaches New 1-Year High at $6.47

Compass, Inc. (NYSE:COMP) reached a new 52-week high on Monday . The company traded as high as $6.47 and last traded at $6.47, with a volume of 4063 shares changing hands. The stock had previously closed at $6.38.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COMP. Oppenheimer restated an “outperform” rating and set a $6.00 price target on shares of Compass in a research report on Wednesday, June 26th. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and raised their target price for the stock from $3.00 to $3.75 in a report on Tuesday, June 25th. Barclays upped their price target on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. The Goldman Sachs Group raised their price target on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC upped their price objective on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.28.

Compass Stock Performance

The firm has a market capitalization of $3.23 billion, a PE ratio of -10.55 and a beta of 2.91. The stock’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $4.05.

Compass (NYSE:COMP) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company earned ($0.10) earnings per share. As a group, analysts predict that Compass, Inc. will post -0.39 earnings per share for the current fiscal year.

Insider Transactions at Compass

In related news, CEO Robert L. Reffkin sold 27,664 shares of Compass stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $4.17, for a total transaction of $115,358.88. Following the sale, the chief executive officer now directly owns 393,486 shares in the company, valued at $1,640,836.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Robert L. Reffkin sold 27,664 shares of Compass stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $4.17, for a total transaction of $115,358.88. Following the completion of 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the sale, the insider now directly owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,267,261 shares of company stock valued at $56,222,967. Corporate insiders own 6.25% of the company’s stock.

About Compass

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.