Compass (NYSE:COMP) Hits New 12-Month High at $6.47

Compass, Inc. (NYSE:COMP) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $6.47 and last traded at $6.47, with a volume of 4063 shares trading hands. The stock had previously closed at $6.38.

Wall Street Analyst Weigh In

COMP has been the topic of several research reports. The Goldman Sachs Group upped their target price on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer reiterated an “outperform” rating and issued a $6.00 target price on shares of Compass in a research note on Wednesday, June 26th. Needham & Company LLC lifted their price objective on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays boosted their price objective on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Finally, Gordon Haskett raised shares of Compass from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $3.00 to $3.75 in a research report on Tuesday, June 25th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Compass has a consensus rating of “Hold” and a consensus price target of $4.28.

Compass Price Performance

The firm has a market capitalization of $3.25 billion, a P/E ratio of -10.29 and a beta of 2.91. The company’s 50 day moving average price is $4.73 and its 200 day moving average price is $4.01.

Compass (NYSE:COMP) last issued its earnings results on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the company posted ($0.10) EPS. On average, research analysts anticipate that Compass, Inc. will post -0.39 EPS for the current fiscal year.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 705,083 shares of Compass stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $5.92, for a total value of $4,174,091.36. Following the sale, the chief executive officer now owns 239,219 shares of the company’s stock, valued at approximately $1,416,176.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Robert L. Reffkin sold 164,514 shares of Compass stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $4.90, for a total transaction of $806,118.60. Following the completion of the transaction, the chief executive officer now owns 835,486 shares in the company, valued at $4,093,881.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert L. Reffkin sold 705,083 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $5.92, for a total value of $4,174,091.36. Following the completion of the sale, the chief executive officer now owns 239,219 shares in the company, valued at approximately $1,416,176.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,767,261 shares of company stock worth $9,422,967. 6.25% of the stock is currently owned by company insiders.

Compass Company Profile

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.