Compass (NYSE:COMP) Trading 5.1% Higher

Shares of Compass, Inc. (NYSE:COMP) shot up 5.1% during mid-day trading on Wednesday . The company traded as high as $4.58 and last traded at $4.57. 2,794,308 shares were traded during mid-day trading, a decline of 37% from the average session volume of 4,417,993 shares. The stock had previously closed at $4.35.

Analysts Set New Price Targets

A number of research firms recently commented on COMP. Oppenheimer reiterated an “outperform” rating and set a $6.00 price objective on shares of Compass in a research report on Wednesday, June 26th. UBS Group raised their price objective on shares of Compass from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Needham & Company LLC upped their target price on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays upped their price objective on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.28.

Compass Trading Up 3.7 %

The stock has a 50 day moving average of $3.96 and a 200-day moving average of $3.75. The company has a market capitalization of $2.23 billion, a P/E ratio of -7.00 and a beta of 2.89.

Compass (NYSE:COMP) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. Compass had a negative return on equity of 56.79% and a negative net margin of 4.53%. During the same period in the previous year, the company posted ($0.10) EPS. As a group, sell-side analysts expect that Compass, Inc. will post -0.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Compass 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 completion of the transaction, the insider now directly owns 75,570,273 shares in the company, valued at approximately $324,952,173.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.25% of the stock is currently owned by corporate 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.