Compass (NYSE:COMP) Now Covered by Citizens Jmp

Key Points

• Citizens JMP initiated coverage of Compass with a “market outperform” rating and an $11 price target, implying approximately 25% upside from the reported $8.79 share price.
• Analyst sentiment is broadly positive: Compass has a consensus “Moderate Buy” rating and an average price target of $13.43, though Wells Fargo assigned an “equal weight” rating and lowered its target to $10.
• Compass exceeded quarterly expectations, reporting $0.11 in adjusted EPS versus $0.08 expected and revenue of $4.31 billion versus a $4.11 billion consensus estimate.

Research analysts at Citizens Jmp initiated coverage on shares of Compass (NYSE:COMP - Get Free Report) in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage set a "market outperform" rating and a $11.00 price target on the stock. Citizens Jmp's price target indicates a potential upside of 25.07% from the company's current price.

Several other equities analysts also recently weighed in on the company. Citigroup began coverage on Compass in a research report on Wednesday. They set an "outperform" rating on the stock. Wells Fargo & Company decreased their price target on Compass from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Monday. Weiss Ratings upgraded Compass from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday. The Goldman Sachs Group lifted their price target on Compass from $10.50 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $15.00 price objective on shares of Compass in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $13.43.

Compass Stock Performance

NYSE:COMP opened at $8.79 on Wednesday. The firm has a 50 day simple moving average of $10.73 and a 200-day simple moving average of $9.78. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $6.66 billion, a PE ratio of 146.58 and a beta of 2.32. Compass has a 1-year low of $6.37 and a 1-year high of $13.95.

Compass (NYSE:COMP - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The business had revenue of $4.31 billion for the quarter, compared to analysts' expectations of $4.11 billion. Compass had a return on equity of 3.62% and a net margin of 0.63%. On average, equities analysts expect that Compass will post 0.20 EPS for the current year.

Insider Buying and Selling at Compass

In other Compass news, CEO Robert Reffkin sold 23,456 shares of Compass stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $11.70, for a total value of $274,435.20. Following the transaction, the chief executive officer owned 7,757,748 shares in the company, valued at $90,765,651.60. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by company insiders.

Institutional Trading of Compass

A number of institutional investors and hedge funds have recently made changes to their positions in COMP. Fund 1 Investments LLC acquired a new position in Compass in the second quarter valued at $2,837,000. Irenic Capital Management LP purchased a new stake in Compass during the second quarter valued at about $22,156,000. Steamboat Capital Partners LLC purchased a new stake in Compass during the second quarter valued at about $17,069,000. Readystate Asset Management LP acquired a new stake in Compass during the second quarter worth about $20,237,000. Finally, Squarepoint Ops LLC acquired a new stake in Compass during the second quarter worth about $10,232,000. 67.05% of the stock is currently owned by institutional investors and hedge funds.

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage operating in the United States. The company supports real estate agents and their clients in buying, selling and renting homes, combining brokerage services with digital tools designed to manage listings, marketing, customer relationships and transactions.

Compass provides its agents with a proprietary technology platform that includes customer relationship management, listing and marketing tools, business analytics, and transaction-management capabilities.

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