Short Interest in Compass, Inc. (NYSE:COMP) Rises By 5.9%

Compass, Inc. (NYSE:COMPGet Rating) saw a significant increase in short interest in July. As of July 31st, there was short interest totalling 18,930,000 shares, an increase of 5.9% from the July 15th total of 17,880,000 shares. Based on an average trading volume of 4,870,000 shares, the short-interest ratio is currently 3.9 days. Approximately 7.7% of the company’s stock are sold short.

Compass Stock Performance

COMP traded down $0.47 during midday trading on Wednesday, reaching $3.98. The company had a trading volume of 152,279 shares, compared to its average volume of 3,278,033. The stock has a market cap of $1.71 billion, a PE ratio of -2.93 and a beta of 2.15. Compass has a 12-month low of $3.32 and a 12-month high of $17.21. The business has a 50-day moving average price of $4.18 and a two-hundred day moving average price of $5.84.

Compass (NYSE:COMPGet Rating) last released its earnings results on Monday, August 15th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.11 billion. Compass had a negative net margin of 8.32% and a negative return on equity of 61.37%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. On average, research analysts anticipate that Compass will post -0.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on COMP. Zelman & Associates initiated coverage on shares of Compass in a research report on Friday, April 22nd. They set a “hold” rating for the company. Barclays reduced their price objective on shares of Compass from $7.00 to $5.00 and set an “equal weight” rating for the company in a research report on Tuesday. Oppenheimer reduced their price objective on shares of Compass from $9.00 to $8.00 and set an “outperform” rating for the company in a research report on Wednesday, June 15th. The Goldman Sachs Group reduced their price objective on shares of Compass from $8.50 to $7.50 and set a “buy” rating for the company in a research report on Tuesday. Finally, Morgan Stanley reduced their price objective on shares of Compass from $5.00 to $4.20 and set an “equal weight” rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $8.96.

About Compass

(Get Rating)

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality, as well as brokerage and adjacent services in the real estate industry.

Read More

Receive News & Ratings for Compass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass and related companies with MarketBeat.com's FREE daily email newsletter.