Compass, Inc. (NYSE:COMP) Receives $14.15 Consensus Target Price from Analysts

Compass, Inc. (NYSE:COMP) has received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $14.1538.

Several analysts recently commented on the company. Zacks Research downgraded Compass from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Barclays boosted their target price on Compass from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Morgan Stanley increased their price target on Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group increased their price target on Compass from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Oppenheimer raised their price target on Compass from $15.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th.

Compass Stock Performance

Shares of NYSE COMP opened at $10.97 on Friday. Compass has a 52-week low of $6.37 and a 52-week high of $13.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a 50 day moving average price of $11.86 and a 200 day moving average price of $9.66.

Compass (NYSE:COMP) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share 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 for the quarter, compared to analyst estimates of $4.11 billion. On average, sell-side analysts forecast that Compass will post 0.24 EPS for the current year.

Insider Transactions at Compass

In related news, CEO Robert L. Reffkin sold 23,456 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $11.70, for a total transaction of $274,435.20. Following the completion of the sale, the chief executive officer directly owned 7,757,748 shares of the company’s stock, valued at approximately $90,765,651.60. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 70,368 shares of company stock worth $748,246. 2.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COMP. Nykredit A S bought a new stake in shares of Compass during the second quarter worth $77,000. Angeles Wealth Management LLC acquired a new stake in shares of Compass during the second quarter worth $224,000. Wedmont Private Capital bought a new stake in Compass in the 2nd quarter valued at $242,000. Corient Private Wealth LP bought a new stake in Compass in the 2nd quarter valued at $298,000. Finally, Fund 1 Investments LLC acquired a new position in Compass in the 2nd quarter worth $2,837,000. Institutional investors and hedge funds own 67.05% 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.