Compass, Inc. (NYSE:COMP) Stock Has Consensus Price Target of $13.07

Compass, Inc. (NYSE:COMP) has been given a consensus rating of “Moderate Buy” by the seventeen brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $13.07.

Several research firms recently commented on COMP. Oppenheimer raised their target price on Compass from $15.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Weiss Ratings lowered Compass from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 29th. The Goldman Sachs Group boosted their price target on Compass from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Deutsche Bank reissued a “buy” rating and issued a $15.00 price target on shares of Compass in a research note on Wednesday, August 5th. Finally, Barclays lowered their price target on Compass from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, November 6th.

Compass Stock Up 1.8%

Shares of Compass stock opened at $10.22 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 1.00. The business’s 50 day simple moving average is $9.68 and its 200-day simple moving average is $9.81. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 73.03 and a beta of 2.39. Compass has a twelve month low of $6.37 and a twelve month high of $13.95.

Compass (NYSE:COMP) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The company had revenue of $3.90 billion during the quarter, compared to the consensus estimate of $3.90 billion. Compass had a net margin of 1.06% and a return on equity of 5.47%. Equities research analysts forecast that Compass will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Robert Reffkin sold 18,930 shares of the company’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $10.10, for a total value of $191,193.00. Following the completion of the sale, the chief executive officer owned 7,738,818 shares of the company’s stock, valued at $78,162,061.80. This represents a 0.24% decrease in their ownership of the stock. The transaction 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. 2.85% of the stock is owned by insiders.

Institutional Trading of Compass

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fund 1 Investments LLC bought a new stake in shares of Compass in the 2nd quarter worth $2,837,000. Readystate Asset Management LP acquired a new stake in shares of Compass in the second quarter valued at $20,237,000. Irenic Capital Management LP bought a new position in Compass during the second quarter valued at about $22,156,000. Steamboat Capital Partners LLC bought a new position in Compass during the second quarter valued at about $17,069,000. Finally, Squarepoint Ops LLC bought a new position in Compass during the second quarter valued at about $10,232,000. 67.05% of the stock is currently owned by institutional investors.

Recent Compass Headlines

Here are a few of the latest headlines about COMP:

• Neutral Sentiment: Compass says it will cooperate with brokers even when listings are not on the MLS, while it has sued 15 multiple listing services over their listing policies. The moves could support its approach to marketing listings, but the disputes add legal uncertainty. Compass broker cooperation policy Compass sues 15 MLSs
• Negative Sentiment: Several law firms publicized a class action filed on behalf of former Anywhere shareholders who received Compass shares in the merger. The suit alleges that merger offering materials omitted information about antitrust scrutiny, including a DOJ inquiry; the allegations are not proven, but litigation and disclosure uncertainty could weigh on sentiment. Lead-plaintiff deadlines are in early December. Class action deadline notice
• Negative Sentiment: CEO Robert Reffkin reported selling 18,930 shares and 83,333 shares at $10.10 each. The sales were made under a prearranged Rule 10b5-1 plan, which can temper the signal, though insider selling may still concern investors. SEC Form 4 filing

About Compass

Compass, Inc. is a technology-enabled residential real estate brokerage that helps clients buy and sell homes through a network of real estate agents. The company combines traditional brokerage services with digital tools designed to support agents and their clients throughout a transaction. Its platform includes tools for managing client relationships, marketing property listings, coordinating transactions and accessing real estate data. Compass also provides agents with services and technology intended to help them build their businesses and serve buyers and sellers.