Compass (NYSE:COMP) Hits New 12-Month High – What’s Next?

Compass, Inc. (NYSE:COMP)’s stock price reached a new 52-week high on Thursday . The company traded as high as $11.07 and last traded at $10.9150, with a volume of 2473230 shares trading hands. The stock had previously closed at $10.53.

Wall Street Analysts Forecast Growth

COMP has been the subject of several recent analyst reports. Wall Street Zen raised shares of Compass from a “hold” rating to a “buy” rating in a report on Sunday. UBS Group raised their price target on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. BTIG Research boosted their price objective on shares of Compass from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Tuesday, November 25th. Zacks Research upgraded Compass from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Compass in a report on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.06.

Compass Trading Up 2.8%

The company has a market capitalization of $6.07 billion, a P/E ratio of -98.41 and a beta of 2.53. The stock has a 50 day moving average of $9.06 and a 200-day moving average of $8.13.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. As a group, sell-side analysts expect that Compass, Inc. will post 0.09 EPS for the current fiscal year.

Insider Activity

In other news, CFO Scott R. Wahlers sold 49,900 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $548,900.00. Following the completion of the transaction, the chief financial officer owned 363,725 shares of the company’s stock, valued at $4,000,975. This represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $230,483.00. Following the sale, the general counsel owned 258,712 shares of the company’s stock, valued at $2,845,832. This represents a 7.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 107,581 shares of company stock worth $1,155,784 over the last 90 days. Company insiders own 4.08% of the company’s stock.

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.