Compass (NYSE:COMP) Reaches New 52-Week High at $5.99

Compass, Inc. (NYSE:COMP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $5.99 and last traded at $5.95, with a volume of 5709451 shares traded. The stock had previously closed at $5.90.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COMP shares. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and lifted their target price for the company from $3.00 to $3.75 in a research note on Tuesday, June 25th. Needham & Company LLC boosted their price objective on Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays increased their target price on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. The Goldman Sachs Group boosted their price target on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, UBS Group increased their price objective on shares of Compass from $3.50 to $4.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Compass currently has a consensus rating of “Hold” and an average target price of $4.28.

Compass Trading Up 0.8 %

The business has a 50-day moving average price of $4.58 and a 200 day moving average price of $3.96. The stock has a market capitalization of $2.94 billion, a P/E ratio of -9.60 and a beta of 2.91.

Compass (NYSE:COMP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. During the same period last year, the company posted ($0.10) EPS. On average, sell-side analysts predict that Compass, Inc. will post -0.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Robert L. Reffkin sold 27,664 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 393,486 shares in the company, valued at $1,640,836.62. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Compass news, CEO Robert L. Reffkin sold 55,698 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $5.91, for a total value of $329,175.18. Following the transaction, the chief executive officer now directly owns 944,302 shares in the company, valued at approximately $5,580,824.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 27,664 shares of the firm’s 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 $1,640,836.62. The disclosure for this sale can be found here. Insiders have sold 1,062,178 shares of company stock valued at $5,248,875 over the last ninety days. 6.25% of the stock is owned by insiders.

About Compass

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.