Compass (NYSE:COMP) Announces Earnings Results

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

Compass Trading Up 2.5%

NYSE:COMP traded up $0.29 during mid-day trading on Tuesday, hitting $12.04. The company had a trading volume of 11,824,009 shares, compared to its average volume of 16,829,041. Compass has a fifty-two week low of $6.37 and a fifty-two week high of $13.95. The business’s fifty day moving average is $10.47 and its two-hundred day moving average is $9.73. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. UBS Group upped their target price on shares of Compass from $12.00 to $17.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Compass in a research note on Wednesday, May 6th. Finally, BTIG Research reiterated a “buy” rating on shares of Compass in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.77.

Insider Activity

In other news, CEO Robert L. Reffkin sold 23,456 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $12.51, for a total transaction of $293,434.56. Following the completion of the transaction, the chief executive officer directly owned 7,781,204 shares in the company, valued at approximately $97,342,862.04. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.85% of the company’s stock.

Compass Company Profile

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.