Fund 1 Investments LLC Buys New Stake in Compass, Inc. $COMP

Key Points

• Fund 1 Investments LLC purchased 230,100 Compass shares in the second quarter, valued at approximately $2.84 million. Institutional investors and hedge funds collectively own 67.05% of the company.
• Compass exceeded quarterly expectations, reporting $0.11 in earnings per share versus the $0.08 consensus estimate and revenue of $4.31 billion, above the $4.11 billion forecast.
• Analysts maintain a generally positive outlook, with the stock holding a “Moderate Buy” consensus rating and an average price target of $14.15; CEO Robert Reffkin separately sold 23,456 shares under a pre-arranged trading plan.

Fund 1 Investments LLC purchased a new position in shares of Compass, Inc. (NYSE:COMP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 230,100 shares of the company's stock, valued at approximately $2,837,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP acquired a new position in shares of Compass during the second quarter worth about $41,838,000. Beaconlight Capital LLC purchased a new stake in shares of Compass in the second quarter worth about $8,013,000. Finally, Nykredit A S purchased a new stake in shares of Compass in the second quarter worth about $77,000. 67.05% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Compass

In other news, CEO Robert Reffkin sold 23,456 shares of the firm's 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 completion of the sale, the chief executive officer owned 7,757,748 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.85% of the company's stock.

Compass Trading Up 0.7%

NYSE:COMP opened at $11.14 on Friday. 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, Inc. has a one year low of $6.37 and a one year high of $13.95. The business's 50-day simple moving average is $11.89 and its 200 day simple moving average is $9.66. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 185.67 and a beta of 2.32.

Compass (NYSE:COMP - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. Compass had a return on equity of 3.62% and a net margin of 0.63%.The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.11 billion. As a group, sell-side analysts predict that Compass, Inc. will post 0.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on COMP shares. Barclays raised their target price on Compass from $15.00 to $16.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Zacks Research cut Compass from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th. The Goldman Sachs Group increased their price objective on shares of Compass from $10.50 to $12.00 and gave the company a "neutral" rating in a research report on Wednesday, August 5th. BTIG Research reiterated a "buy" rating on shares of Compass in a research note on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $15.00 target price on shares of Compass in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.15.

Compass 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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