Compass (NYSE:COMP) Announces Quarterly Earnings Results

Compass (NYSE:COMP) posted its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03, Zacks reports. Compass had a net margin of 0.17% and a return on equity of 1.11%.

Compass Stock Performance

Shares of COMP stock traded up $0.29 during trading hours on Tuesday, hitting $12.04. 11,824,009 shares of the company’s stock were exchanged, compared to its average volume of 16,829,041. Compass has a 52 week low of $6.37 and a 52 week high of $13.95. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s 50-day moving average is $10.47 and its 200-day moving average is $9.73.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total transaction of $293,434.56. Following the sale, the chief executive officer owned 7,781,204 shares of the company’s stock, valued at $97,342,862.04. This represents a 0.30% decrease in their position. The sale was disclosed in a legal 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. 2.85% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COMP has been the subject of several research reports. Zacks Research upgraded shares of Compass from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. UBS Group raised their price objective on Compass from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday. BTIG Research restated a “buy” rating on shares of Compass in a research report on Wednesday, July 15th. Morgan Stanley upped their target price on Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.77.

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.