Compass (NYSE:COMP) Issues Earnings Results

Compass (NYSE:COMP) released its quarterly earnings results on Tuesday. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03, Zacks reports. Compass had a return on equity of 1.11% and a net margin of 0.17%.

Compass Price Performance

COMP stock traded up $0.29 during midday trading on Tuesday, hitting $12.04. 11,945,653 shares of the stock were exchanged, compared to its average volume of 16,829,695. The stock’s 50-day moving average price is $10.47 and its 200-day moving average price is $9.73. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Compass has a fifty-two week low of $6.37 and a fifty-two week high of $13.95.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Compass from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Morgan Stanley boosted their price target on shares of Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group reissued a “neutral” rating on shares of Compass in a report on Wednesday, May 6th. Finally, BTIG Research restated a “buy” rating on shares of Compass in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Compass has a consensus rating of “Moderate Buy” and a consensus price target of $13.77.

Insider Buying and Selling at Compass

In other news, CEO Robert L. Reffkin sold 23,456 shares of Compass stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $12.51, for a total transaction of $293,434.56. Following the completion of the transaction, the chief executive officer owned 7,781,204 shares of the company’s stock, valued at $97,342,862.04. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by corporate 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.