Compass, Inc. (NYSE:COMP) Short Interest Down 6.0% in August

Compass, Inc. (NYSE:COMP) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 22,000,000 shares, a decrease of 6.0% from the August 15th total of 23,400,000 shares. Based on an average trading volume of 4,810,000 shares, the days-to-cover ratio is presently 4.6 days. Currently, 5.4% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Insider Transactions at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the sale, the insider now directly owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Compass news, CEO Robert L. Reffkin sold 27,664 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $4.17, for a total transaction of $115,358.88. Following the sale, the chief executive officer now owns 393,486 shares in the company, valued at $1,640,836.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass stock in a transaction on Friday, September 13th. The shares were sold at an average price of $6.24, for a total value of $46,800,000.00. Following the completion of the transaction, the insider now owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,267,261 shares of company stock worth $56,222,967. 6.25% of the stock is owned by company insiders.

Compass Trading Down 2.4 %

COMP opened at $6.39 on Thursday. The stock has a market capitalization of $3.16 billion, a P/E ratio of -10.30 and a beta of 2.91. Compass has a 12-month low of $1.82 and a 12-month high of $6.78. The stock has a 50-day moving average price of $4.90 and a 200-day moving average price of $4.07.

Compass (NYSE:COMP) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, topping 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 firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period last year, the firm posted ($0.10) earnings per share. On average, equities research analysts predict that Compass will post -0.39 EPS for the current year.

About Compass

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.