Compass, Inc. (NYSE:COMP) Stock Has Consensus Target Price of $13.50

Shares of Compass, Inc. (NYSE:COMP) have been given an average recommendation of “Moderate Buy” by the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $13.50.

Several analysts have commented on the stock. BTIG Research reiterated a “buy” rating on shares of Compass in a research note on Wednesday, July 15th. Zelman & Associates reiterated a “hold” rating and set a $13.50 target price on shares of Compass in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $15.00 target price on shares of Compass in a research report on Wednesday, August 5th. Citizens Jmp assumed coverage on shares of Compass in a report on Wednesday, October 14th. They issued a “market outperform” rating and a $11.00 target price for the company. Finally, Citigroup began coverage on shares of Compass in a research report on Wednesday, October 14th. They issued an “outperform” rating on the stock.

Compass Price Performance

Shares of NYSE COMP opened at $9.02 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a fifty day moving average price of $10.45 and a 200-day moving average price of $9.83. Compass has a 1 year low of $6.37 and a 1 year high of $13.95.

Compass (NYSE:COMP) last announced its quarterly earnings data 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 business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.11 billion. Analysts anticipate that Compass will post 0.19 earnings per share for the current year.

Insider Buying and Selling

In other Compass news, CEO Robert Reffkin sold 23,456 shares of the stock in a transaction 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 transaction, the chief executive officer owned 7,757,748 shares in the company, valued at $90,765,651.60. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by company insiders.

Institutional Trading of Compass

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Compass by 57.7% during the third quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $48,000 after purchasing an additional 1,975 shares during the period. IFP Advisors Inc bought a new stake in shares of Compass in the 2nd quarter valued at approximately $31,000. Nykredit A S bought a new stake in shares of Compass in the 2nd quarter valued at approximately $77,000. Allworth Financial LP purchased a new position in shares of Compass in the 2nd quarter worth approximately $110,000. Finally, QRG Capital Management Inc. purchased a new position in shares of Compass in the 2nd quarter worth approximately $152,000. 67.05% of the stock is currently owned by institutional investors.

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.