Compass (NYSE:COMP) Trading Up 9.4% – Here’s What Happened

Compass, Inc. (NYSE:COMP) was up 9.4% during trading on Wednesday . The company traded as high as $10.80 and last traded at $10.8230. 5,839,654 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 17,438,656 shares. The stock had previously closed at $9.89.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COMP. Weiss Ratings upgraded shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. The Goldman Sachs Group restated a “neutral” rating on shares of Compass in a research note on Wednesday, May 6th. BTIG Research set a $12.00 price objective on shares of Compass in a report on Wednesday, April 15th. UBS Group reduced their price objective on shares of Compass from $17.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Finally, Morgan Stanley lifted their target price on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.62.

Compass Stock Up 4.1%

The business has a 50-day simple moving average of $8.42 and a two-hundred day simple moving average of $9.56. The stock has a market capitalization of $8.28 billion, a P/E ratio of 554.15 and a beta of 2.43. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11.

Compass (NYSE:COMP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.20. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. Equities research analysts forecast that Compass, Inc. will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In related news, CEO Robert L. Reffkin sold 23,456 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $7.69, for a total transaction of $180,376.64. Following the completion of the sale, the chief executive officer owned 7,804,660 shares in the company, valued at $60,017,835.40. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.85% of the company’s stock.

About Compass

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.