Compass (NYSE:COMP) Stock Price Up 4.4% – Here’s What Happened

Compass, Inc. (NYSE:COMP)’s stock price rose 4.4% on Thursday . The stock traded as high as $9.34 and last traded at $9.28. Approximately 1,536,135 shares changed hands during trading, a decline of 68% from the average daily volume of 4,746,405 shares. The stock had previously closed at $8.88.

Wall Street Analyst Weigh In

COMP has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on Compass from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley lifted their target price on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Oppenheimer lifted their target price on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Barclays lifted their target price on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $12.00 target price on shares of Compass in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy 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 $9.61.

Compass Stock Performance

The stock has a market cap of $4.74 billion, a price-to-earnings ratio of -29.43 and a beta of 2.88. The company has a 50-day simple moving average of $7.85 and a two-hundred day simple moving average of $6.79.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. During the same quarter in the previous year, the firm earned ($0.09) EPS. As a group, sell-side analysts predict that Compass, Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert L. Reffkin sold 2,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 804,893 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.91, for a total value of $4,756,917.63. Following the transaction, the chief executive officer now directly owns 2,145,791 shares in the company, valued at $12,681,624.81. The trade was a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,926,971 shares of company stock valued at $40,172,099. 6.25% of the stock is owned by insiders.

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.