Compass (NYSE:COMP) Trading 8.6% Higher – What’s Next?

Compass, Inc. (NYSE:COMP) rose 8.6% during mid-day trading on Friday . The company traded as high as $7.89 and last traded at $7.9310. Approximately 1,507,455 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 19,974,662 shares. The stock had previously closed at $7.30.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. UBS Group reiterated a “buy” rating and issued a $17.00 price objective on shares of Compass in a research note on Monday, February 9th. Benchmark started coverage on shares of Compass in a report on Thursday, March 26th. They issued a “buy” rating and a $14.00 target price on the stock. Wells Fargo & Company decreased their price target on shares of Compass from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Barclays dropped their price target on Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.83.

Compass Trading Up 8.7%

The company has a market cap of $5.89 billion, a price-to-earnings ratio of -79.38 and a beta of 2.62. The company’s 50 day moving average price is $8.78 and its 200 day moving average price is $9.59.

Compass (NYSE:COMP) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Compass had a negative return on equity of 7.99% and a negative net margin of 0.84%. Sell-side analysts predict that Compass, Inc. will post 0.09 earnings per share for the current year.

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.