Compass (NYSE:COMP) Shares Up 9.4% – Still a Buy?

Compass, Inc. (NYSE:COMP) shares shot up 9.4% on Wednesday . The company traded as high as $10.80 and last traded at $10.8230. 5,839,654 shares were traded during mid-day trading, a decline of 67% from the average session volume of 17,438,656 shares. The stock had previously closed at $9.89.

Wall Street Analyst Weigh In

Several research firms have issued reports on COMP. Benchmark assumed coverage on shares of Compass in a research note on Thursday, March 26th. They issued a “buy” rating and a $14.00 price objective for the company. BTIG Research set a $12.00 target price on Compass in a report on Wednesday, April 15th. Barclays decreased their target price on Compass from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Wells Fargo & Company dropped their price target on Compass from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, UBS Group cut their price target on Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.62.

Compass Price Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $7.87 billion, a PE ratio of 527.80 and a beta of 2.43. The company’s 50-day simple moving average is $8.27 and its 200-day simple moving average is $9.55.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.20. Compass had a net margin of 0.17% and a return on equity of 1.11%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. As a group, sell-side analysts anticipate that Compass, Inc. will post 0.1 earnings per share for the current year.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $7.69, for a total transaction of $180,376.64. Following the completion of the sale, the chief executive officer directly owned 7,804,660 shares of the company’s stock, valued at $60,017,835.40. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by company insiders.

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.