Wellington Management Group LLP Purchases New Shares in Compass, Inc. $COMP

Wellington Management Group LLP acquired a new position in Compass, Inc. (NYSE:COMP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,393,203 shares of the company’s stock, valued at approximately $41,838,000.

Insider Activity

In related news, CEO Robert Reffkin sold 23,456 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $11.70, for a total value of $274,435.20. Following the completion of the transaction, the chief executive officer owned 7,757,748 shares of the company’s stock, valued at $90,765,651.60. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.85% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Oppenheimer lifted their price target on shares of Compass from $15.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings raised Compass from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Zelman & Associates restated a “hold” rating and issued a $13.50 price target on shares of Compass in a research report on Thursday, August 6th. UBS Group boosted their price target on Compass from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Zacks Research downgraded shares of Compass from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.15.

Compass Stock Performance

NYSE:COMP opened at $11.08 on Friday. Compass, Inc. has a twelve month low of $6.37 and a twelve month 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’s 50-day simple moving average is $11.89 and its 200 day simple moving average is $9.65. The firm has a market capitalization of $8.39 billion, a PE ratio of 184.67 and a beta of 2.32.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.11 billion. Compass had a return on equity of 3.62% and a net margin of 0.63%. On average, analysts anticipate that Compass, Inc. will post 0.24 EPS for the current fiscal year.

Compass Company Profile

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.