Compass, Inc. (NYSE:COMP) Short Interest Update

Compass, Inc. (NYSE:COMP) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 19,570,000 shares, a growth of 6.6% from the September 30th total of 18,350,000 shares. Based on an average trading volume of 4,930,000 shares, the short-interest ratio is presently 4.0 days. Currently, 4.6% of the company’s stock are sold short.

Insider Buying and Selling

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the transaction, the insider now owns 68,070,273 shares in the company, valued at $424,758,503.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Compass news, CEO Robert L. Reffkin sold 814,302 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.91, for a total transaction of $3,998,222.82. Following the completion of the transaction, the chief executive officer now directly owns 944,302 shares of the company’s stock, valued at approximately $4,636,522.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $6.24, for a total value of $46,800,000.00. Following the sale, the insider now directly owns 68,070,273 shares in the company, valued at $424,758,503.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,267,261 shares of company stock worth $56,222,967 in the last quarter. Insiders own 6.25% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COMP shares. The Goldman Sachs Group increased their price objective on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC upped their target price on Compass from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group boosted their price objective on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Barclays lifted their price objective on shares of Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $8.50 price objective (up from $8.00) on shares of Compass in a report on Friday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.17.

Compass Stock Up 0.9 %

Shares of COMP traded up $0.06 on Friday, reaching $6.41. The stock had a trading volume of 9,324,473 shares, compared to its average volume of 4,603,193. The firm has a market capitalization of $3.17 billion, a PE ratio of -15.90 and a beta of 2.93. Compass has a twelve month low of $1.88 and a twelve month high of $6.78. The firm has a 50-day moving average of $5.82 and a 200 day moving average of $4.57.

Compass (NYSE:COMP) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Compass had a negative net margin of 3.70% and a negative return on equity of 50.79%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the business posted ($0.10) earnings per share. On average, sell-side analysts anticipate that Compass will post -0.38 earnings per share for the current fiscal 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.