Compass (NYSE:COMP) Now Covered by Citizens Jmp

Investment analysts at Citizens Jmp began coverage on shares of Compass (NYSE:COMP) in a research note issued to investors on Wednesday, Benzinga reports. The firm set a “market outperform” rating and a $11.00 price target on the stock. Citizens Jmp’s price objective indicates a potential upside of 25.07% from the stock’s current price.

COMP has been the topic of a number of other research reports. Compass Point set a $11.00 target price on shares of Compass in a research note on Wednesday. Citigroup began coverage on shares of Compass in a research report on Wednesday. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $15.00 price target on shares of Compass in a research report on Wednesday, August 5th. Weiss Ratings upgraded Compass from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Finally, Wells Fargo & Company lowered their price target on Compass from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Compass presently has a consensus rating of “Moderate Buy” and an average price target of $13.43.

Compass Trading Down 0.3%

Shares of COMP stock opened at $8.79 on Wednesday. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 146.58 and a beta of 2.32. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. Compass has a fifty-two week low of $6.37 and a fifty-two week high of $13.95. The firm’s 50 day moving average price is $10.73 and its two-hundred day moving average price is $9.78.

Compass (NYSE:COMP) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. Compass had a net margin of 0.63% and a return on equity of 3.62%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.11 billion. On average, analysts anticipate that Compass will post 0.20 EPS for the current year.

Insiders Place Their Bets

In other Compass news, CEO Robert Reffkin sold 23,456 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $11.70, for a total value of $274,435.20. Following the completion of the transaction, the chief executive officer owned 7,757,748 shares in the company, valued at $90,765,651.60. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by corporate insiders.

Institutional Trading of Compass

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Compass by 57.7% during the third quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock worth $48,000 after purchasing an additional 1,975 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Compass in the second quarter valued at $31,000. Nykredit A S purchased a new position in shares of Compass in the second quarter valued at $77,000. Allworth Financial LP purchased a new position in shares of Compass in the second quarter valued at $110,000. Finally, QRG Capital Management Inc. acquired a new stake in Compass during the 2nd quarter valued at $152,000. Hedge funds and other institutional investors own 67.05% of the company’s stock.

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage operating in the United States. The company supports real estate agents and their clients in buying, selling and renting homes, combining brokerage services with digital tools designed to manage listings, marketing, customer relationships and transactions.

Compass provides its agents with a proprietary technology platform that includes customer relationship management, listing and marketing tools, business analytics, and transaction-management capabilities.