Compass (NYSE:COMP) Sets New 52-Week High After Earnings Beat

Compass, Inc. (NYSE:COMP)’s stock price reached a new 52-week high during trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $8.07 and last traded at $7.80, with a volume of 17911 shares changing hands. The stock had previously closed at $7.93.

The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative net margin of 3.70% and a negative return on equity of 49.45%. During the same period in the previous year, the firm earned ($0.09) earnings per share.

Analyst Upgrades and Downgrades

COMP has been the topic of several research analyst reports. Barclays boosted their price objective on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of Compass in a report on Thursday, January 16th. UBS Group raised shares of Compass from a “neutral” rating to a “buy” rating and increased their price objective for the company from $7.00 to $11.00 in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their target price on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer raised their target price on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.65.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 42,717 shares of Compass stock in a transaction on Friday, January 17th. The shares were sold at an average price of $6.90, for a total value of $294,747.30. Following the completion of the transaction, the chief executive officer now directly owns 1,957,283 shares of the company’s stock, valued at $13,505,252.70. This trade represents a 2.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the sale, the insider now owns 58,070,273 shares in the company, valued at $367,584,828.09. This represents a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,728,326 shares of company stock valued at $74,520,082 in the last ninety days. Corporate insiders own 6.25% of the company’s stock.

Compass Stock Performance

The stock has a market cap of $4.06 billion, a PE ratio of -19.91 and a beta of 2.95. The stock has a fifty day moving average price of $6.64 and a 200 day moving average price of $6.17.

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.