Compass (NYSE:COMP) Sets New 52-Week High at $4.78

Compass, Inc. (NYSE:COMP) hit a new 52-week high on Tuesday . The company traded as high as $4.78 and last traded at $4.75, with a volume of 7247209 shares trading hands. The stock had previously closed at $4.35.

Analyst Upgrades and Downgrades

COMP has been the subject of a number of research reports. Gordon Haskett raised Compass from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $3.00 to $3.75 in a research note on Tuesday, June 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $6.00 price objective on shares of Compass in a research note on Wednesday, June 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Compass in a research note on Thursday, May 9th. Finally, UBS Group boosted their target price on Compass from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Compass currently has an average rating of “Hold” and an average target price of $4.00.

Compass Trading Down 3.7 %

The firm has a market capitalization of $2.21 billion, a PE ratio of -7.19 and a beta of 2.88. The company has a fifty day moving average price of $3.86 and a two-hundred day moving average price of $3.63.

Compass (NYSE:COMP) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Compass had a negative net margin of 6.10% and a negative return on equity of 71.71%. As a group, equities research analysts predict that Compass, Inc. will post -0.38 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $4.30, for a total value of $72,670,000.00. Following the sale, the insider now owns 75,570,273 shares in the company, valued at approximately $324,952,173.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.25% of the stock is currently owned by insiders.

Compass Company Profile

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.