Compass, Inc. (NYSE:COMP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Compass, Inc. (NYSE:COMP) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $13.6364.

A number of equities research analysts have recently commented on the company. Wells Fargo & Company increased their target price on Compass from $8.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Odeon Capital Group assumed coverage on Compass in a research report on Wednesday, November 19th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass in a research note on Wednesday, January 21st. Barclays increased their price objective on shares of Compass from $13.00 to $15.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, Compass Point set a $15.00 price objective on shares of Compass in a research note on Monday, January 26th.

Compass Stock Performance

Shares of COMP traded up $0.31 during mid-day trading on Friday, reaching $8.40. The company had a trading volume of 1,518,563 shares, compared to its average volume of 22,679,533. The firm has a 50-day moving average price of $11.23 and a 200 day moving average price of $9.86. Compass has a 52 week low of $5.66 and a 52 week high of $13.95. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of -84.04 and a beta of 2.57.

Compass (NYSE:COMP) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). Compass had a negative net margin of 0.84% and a negative return on equity of 7.99%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. As a group, research analysts forecast that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Compass

In related news, CFO Scott R. Wahlers sold 99,986 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $12.03, for a total transaction of $1,202,831.58. Following the completion of the sale, the chief financial officer owned 250,073 shares of the company’s stock, valued at $3,008,378.19. This trade represents a 28.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.08% of the stock is currently owned by insiders.

About Compass

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.