829,829 Shares in Compass, Inc. $COMP Bought by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC acquired 829,829 Compass shares worth approximately $10.2 million, giving it a 0.11% stake. Institutional investors collectively own 67.05% of the company.
• Analysts maintain a generally positive view, with Compass carrying a consensus “Moderate Buy” rating and an average price target of $14.15; UBS recently raised its target to $17.
• Compass exceeded quarterly expectations, reporting adjusted EPS of $0.11 versus $0.08 expected and revenue of $4.31 billion versus the $4.11 billion consensus estimate.

Squarepoint Ops LLC purchased a new stake in Compass, Inc. (NYSE:COMP - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 829,829 shares of the company's stock, valued at approximately $10,232,000. Squarepoint Ops LLC owned approximately 0.11% of Compass as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nykredit A S acquired a new stake in Compass during the second quarter worth about $77,000. Allworth Financial LP acquired a new position in shares of Compass in the 2nd quarter valued at approximately $110,000. Angeles Wealth Management LLC bought a new stake in shares of Compass during the 2nd quarter worth approximately $224,000. Wedmont Private Capital bought a new stake in shares of Compass during the 2nd quarter worth approximately $242,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Compass during the 2nd quarter worth approximately $298,000. Institutional investors own 67.05% of the company's stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Compass from $12.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Barclays lifted their price target on Compass from $15.00 to $16.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. BTIG Research reissued a "buy" rating on shares of Compass in a report on Wednesday, July 15th. Zelman & Associates reaffirmed a "hold" rating and issued a $13.50 price objective on shares of Compass in a research note on Thursday, August 6th. Finally, Wells Fargo & Company lifted their target price on Compass from $12.00 to $13.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Compass presently has a consensus rating of "Moderate Buy" and an average target price of $14.15.

Compass Stock Performance

Shares of Compass stock opened at $10.12 on Friday. The company's 50 day moving average price is $11.75 and its two-hundred day moving average price is $9.66. The firm has a market capitalization of $7.67 billion, a P/E ratio of 168.70 and a beta of 2.32. Compass, Inc. has a fifty-two week low of $6.37 and a fifty-two week high of $13.95. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06.

Compass (NYSE:COMP - Get Free Report) last announced its quarterly earnings results 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. Compass had a net margin of 0.63% and a return on equity of 3.62%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.11 billion. On average, equities analysts forecast that Compass, Inc. will post 0.24 earnings per share for the current fiscal year.

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides brokerage services through a network of real estate agents who help clients buy, sell, and market residential properties.

Compass supports its agents with a suite of digital tools, including customer relationship management, property search, marketing, lead generation, transaction management, and workflow software. Its platform is designed to streamline the real estate process while helping agents manage client relationships and promote property listings.

Founded in 2012 as Urban Compass, the company later adopted the Compass name and expanded its operations across major U.S.

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