Squarepoint Ops LLC Acquires New Holdings in Compass, Inc. $COMP

Squarepoint Ops LLC bought a new position in shares of Compass, Inc. (NYSE:COMP) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 829,829 shares of the company’s stock, valued at approximately $10,232,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nykredit A S acquired a new position in Compass in the 2nd quarter valued at approximately $77,000. Allworth Financial LP bought a new position in shares of Compass during the second quarter valued at $110,000. Angeles Wealth Management LLC acquired a new position in shares of Compass during the second quarter worth $224,000. Wedmont Private Capital acquired a new position in shares of Compass during the second quarter worth $242,000. Finally, Corient Private Wealth LP bought a new stake in shares of Compass in the second quarter worth $298,000. 67.05% of the stock is owned by institutional investors.

Compass Stock Performance

COMP stock opened at $10.12 on Friday. The firm has a market cap of $7.67 billion, a PE ratio of 168.70 and a beta of 2.32. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average price of $11.75 and a 200-day moving average price of $9.66. Compass, Inc. has a 1-year low of $6.37 and a 1-year high of $13.95.

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

Wall Street Analyst Weigh In

COMP has been the subject of a number of recent research reports. Barclays increased their price objective on Compass from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. UBS Group lifted their target price on Compass from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Zelman & Associates reiterated a “hold” rating and issued a $13.50 price target on shares of Compass in a research report on Thursday, August 6th. Wells Fargo & Company increased their price target on Compass from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Compass from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.15.

Insider Activity

In other news, CEO Robert Reffkin sold 23,456 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were 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 owned 7,757,748 shares of the company’s stock, valued at $90,765,651.60. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.85% of the company’s stock.

About Compass

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.