Compass (NYSE:COMP) Hits New 12-Month High at $4.93

Shares of Compass, Inc. (NYSE:COMP) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $4.93 and last traded at $4.93, with a volume of 11515 shares trading hands. The stock had previously closed at $4.89.

Wall Street Analysts Forecast Growth

COMP has been the subject of a number of recent research reports. Oppenheimer restated an “outperform” rating and set a $6.00 price objective on shares of Compass in a research note on Wednesday, June 26th. Barclays lifted their target price on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group increased their price target on Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, August 1st. Gordon Haskett raised shares of Compass from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $3.00 to $3.75 in a research report on Tuesday, June 25th. Finally, Needham & Company LLC upped their price objective on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Compass presently has a consensus rating of “Hold” and a consensus target price of $4.28.

Compass Stock Performance

The firm has a market cap of $2.42 billion, a price-to-earnings ratio of -7.88 and a beta of 2.89. The firm’s 50 day simple moving average is $4.05 and its two-hundred day simple moving average is $3.78.

Compass (NYSE:COMP) last released its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Compass had a negative return on equity of 56.79% and a negative net margin of 4.53%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the company posted ($0.10) EPS. As a group, equities research analysts anticipate that Compass, Inc. will post -0.38 earnings per share for the current fiscal year.

Insider Activity at Compass

In other news, CEO Robert L. Reffkin sold 27,664 shares of Compass stock in a transaction on Monday, August 12th. The stock was sold at an average price of $4.17, for a total value of $115,358.88. Following the transaction, the chief executive officer now owns 393,486 shares in the company, valued at approximately $1,640,836.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.25% of the stock is currently owned by insiders.

Compass Company Profile

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 in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.