Compass (NYSE:COMP) Stock Price Up 12.4% - Still a Buy?

Key Points

• Shares jumped 12.4% intraday to $7.505 on Wednesday, with about 3.94 million shares traded—roughly 81% below the stock's average daily volume of 20.67 million.
• Analysts are largely bullish: MarketBeat shows a consensus rating of "Moderate Buy" with a consensus target of $13.08, and multiple firms have set buy/overweight targets in the $12.50–$17 range.
• Fundamentals remain mixed: Compass trades below its 50- and 200-day moving averages (~$9.50), has a market cap of $5.51 billion, and reported negative EPS and margins (last quarter EPS -$0.07, net margin around -0.84%, ROE about -7.99%).

Shares of Compass, Inc. (NYSE:COMP - Get Free Report) rose 12.4% during trading on Wednesday . The stock traded as high as $7.53 and last traded at $7.5050. Approximately 3,939,082 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 20,669,912 shares. The stock had previously closed at $6.68.

Analysts Set New Price Targets

COMP has been the topic of several research reports. Compass Point set a $15.00 price target on shares of Compass in a research note on Monday, January 26th. Benchmark started coverage on shares of Compass in a research note on Thursday, March 26th. They set a "buy" rating and a $14.00 price objective on the stock. BTIG Research increased their price objective on shares of Compass from $12.50 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, January 8th. JPMorgan Chase & Co. initiated coverage on shares of Compass in a report on Monday, January 26th. They issued an "overweight" rating and a $15.00 target price for the company. Finally, UBS Group reissued a "buy" rating and issued a $17.00 target price on shares of Compass in a report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $13.08.

Compass Stock Performance

The business's fifty day moving average is $9.50 and its 200-day moving average is $9.65. The firm has a market cap of $5.51 billion, a P/E ratio of -74.44 and a beta of 2.62.

Compass (NYSE:COMP - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.01). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. Compass had a negative net margin of 0.84% and a negative return on equity of 7.99%. Analysts predict that Compass, Inc. will post 0.09 EPS for the current fiscal year.

Compass Company Profile

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.

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