Compass, Inc. (NYSE:COMP) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Compass has a “Moderate Buy” consensus among 15 analysts: eight rate it a buy, six say hold, and one gives it a strong buy rating. The average 12-month price target is $14.15, above the reported $11.12 share price.
• Compass recently exceeded quarterly expectations, reporting EPS of $0.11 versus the $0.08 consensus and revenue of $4.31 billion versus $4.11 billion expected. Analysts forecast full-year EPS of $0.24.
• Institutional investors own 67.05% of Compass, with several funds establishing new positions during the second quarter, while insiders have sold 70,368 shares worth approximately $748,246 over the past three months.

Compass, Inc. (NYSE:COMP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.1538.

A number of research firms have recently issued reports on COMP. Zelman & Associates reissued a "hold" rating and set a $13.50 price target on shares of Compass in a research report on Thursday, August 6th. The Goldman Sachs Group lifted their price objective on Compass from $10.50 to $12.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. UBS Group upped their price objective on shares of Compass from $12.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Oppenheimer increased their target price on shares of Compass from $15.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Compass from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, August 21st.

Compass Stock Down 2.2%

Shares of NYSE COMP opened at $11.12 on Friday. Compass has a 52-week low of $6.37 and a 52-week high of $13.95. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 185.42 and a beta of 2.36. The stock has a 50 day moving average price of $11.85 and a 200 day moving average price of $9.67. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06.

Compass (NYSE:COMP - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.11 billion. Compass had a return on equity of 3.62% and a net margin of 0.63%. Sell-side analysts expect that Compass will post 0.24 earnings per share for the current year.

Insider Buying and Selling at Compass

In other news, CEO Robert L. Reffkin sold 23,456 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $11.70, for a total transaction of $274,435.20. Following the transaction, the chief executive officer directly owned 7,757,748 shares in the company, valued at approximately $90,765,651.60. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 70,368 shares of company stock valued at $748,246. 2.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Compass

Institutional investors have recently bought and sold shares of the business. Corient Private Wealth LP purchased a new stake in Compass during the second quarter worth $298,000. California State Teachers Retirement System bought a new stake in Compass during the 2nd quarter valued at $119,834,000. Readystate Asset Management LP purchased a new position in shares of Compass in the 2nd quarter valued at $20,237,000. Wedmont Private Capital purchased a new position in shares of Compass in the 2nd quarter valued at $242,000. Finally, Angeles Wealth Management LLC bought a new position in Compass in the second quarter worth about $224,000. 67.05% of the stock is owned by hedge funds and other institutional investors.

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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