Compass, Inc. (NYSE:COMP) Stock Has Consensus Price Target of $14.15

Shares of Compass, Inc. (NYSE:COMP) have earned an average rating of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $14.15.

A number of analysts have recently commented on COMP shares. Weiss Ratings upgraded Compass from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Zelman & Associates reissued a “hold” rating and issued a $13.50 price target on shares of Compass in a research note on Thursday, August 6th. Zacks Research lowered shares of Compass from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. The Goldman Sachs Group upped their price objective on shares of Compass from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Barclays increased their price objective on shares of Compass from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th.

Insider Buying and Selling at Compass

In related news, CEO Robert Reffkin sold 23,456 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $11.70, for a total transaction of $274,435.20. Following the completion of the sale, the chief executive officer directly owned 7,757,748 shares in the company, valued at approximately $90,765,651.60. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Compass

A number of hedge funds have recently modified their holdings of the business. Wellington Management Group LLP acquired a new stake in shares of Compass in the second quarter valued at approximately $41,838,000. Irenic Capital Management LP purchased a new position in Compass during the second quarter worth approximately $22,156,000. Readystate Asset Management LP acquired a new position in Compass during the second quarter worth $20,237,000. Steamboat Capital Partners LLC acquired a new position in Compass during the second quarter worth $17,069,000. Finally, Squarepoint Ops LLC purchased a new stake in Compass in the 2nd quarter valued at $10,232,000. 67.05% of the stock is currently owned by institutional investors and hedge funds.

Compass Price Performance

NYSE:COMP opened at $9.28 on Tuesday. Compass has a 52 week low of $6.37 and a 52 week high of $13.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $7.03 billion, a PE ratio of 154.60 and a beta of 2.32. The stock’s 50-day moving average price is $11.35 and its 200-day moving average price is $9.70.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.11 billion. Compass had a return on equity of 3.62% and a net margin of 0.63%. As a group, equities analysts expect that Compass will post 0.24 EPS for the current fiscal year.

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides brokerage services through a network of real estate agents who help clients buy, sell, and market residential properties.

Compass supports its agents with a suite of digital tools, including customer relationship management, property search, marketing, lead generation, transaction management, and workflow software. Its platform is designed to streamline the real estate process while helping agents manage client relationships and promote property listings.

Founded in 2012 as Urban Compass, the company later adopted the Compass name and expanded its operations across major U.S.