Compass, Inc. (NYSE:COMP) Short Interest Up 24.7% in February

Compass, Inc. (NYSE:COMP) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 16,760,000 shares, an increase of 24.7% from the February 13th total of 13,440,000 shares. Based on an average daily volume of 5,760,000 shares, the short-interest ratio is currently 2.9 days. Currently, 3.8% of the company’s stock are sold short.

Analysts Set New Price Targets

Several equities research analysts have commented on COMP shares. UBS Group upped their price target on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Barclays raised their price target on shares of Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Morgan Stanley raised their price target on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Oppenheimer raised their price target on shares of Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $12.00 target price on shares of Compass in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.61.

Compass Price Performance

Shares of COMP opened at $8.83 on Wednesday. The firm has a fifty day moving average price of $7.78 and a 200 day moving average price of $6.77. Compass has a 1-year low of $2.91 and a 1-year high of $10.25. The stock has a market cap of $4.57 billion, a PE ratio of -28.47 and a beta of 2.88.

Compass (NYSE:COMP) last announced its earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned ($0.09) earnings per share. As a group, equities analysts expect that Compass will post 0.09 EPS for the current fiscal year.

Insider Transactions at Compass

In other news, CEO Robert L. Reffkin sold 49,316 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total transaction of $291,457.56. Following the sale, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Scott R. Wahlers sold 250,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the sale, the chief accounting officer now directly owns 329,187 shares in the company, valued at $3,051,563.49. This trade represents a 43.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,926,971 shares of company stock valued at $40,172,099. 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.