Compass, Inc. (NYSE:COMP) Sees Large Decline in Short Interest

Compass, Inc. (NYSE:COMP) was the recipient of a significant decline in short interest during the month of August. As of August 15th, there was short interest totalling 23,400,000 shares, a decline of 7.0% from the July 31st total of 25,150,000 shares. Currently, 5.7% of the company’s stock are short sold. Based on an average daily volume of 4,360,000 shares, the days-to-cover ratio is presently 5.4 days.

Insider Buying and Selling

In related news, CEO Robert L. Reffkin sold 55,698 shares of Compass stock in a transaction on Monday, August 26th. The shares were sold at an average price of $5.91, for a total transaction of $329,175.18. Following the sale, the chief executive officer now directly owns 944,302 shares in the company, valued at approximately $5,580,824.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Robert L. Reffkin sold 164,514 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $4.90, for a total transaction of $806,118.60. Following the completion of the sale, the chief executive officer now owns 835,486 shares in the company, valued at approximately $4,093,881.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 55,698 shares of Compass stock in a transaction on Monday, August 26th. The shares were sold at an average price of $5.91, for a total transaction of $329,175.18. Following the completion of the transaction, the chief executive officer now owns 944,302 shares in the company, valued at $5,580,824.82. The disclosure for this sale can be found here. Insiders sold a total of 1,062,178 shares of company stock worth $5,248,875 over the last 90 days. 6.25% of the stock is owned by insiders.

Compass Trading Up 0.2 %

Shares of Compass stock opened at $5.14 on Wednesday. The company has a 50-day moving average of $4.39 and a two-hundred day moving average of $3.89. Compass has a 12-month low of $1.82 and a 12-month high of $5.92. The stock has a market cap of $2.54 billion, a PE ratio of -8.29 and a beta of 2.89.

Compass (NYSE:COMP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. During the same period in the previous year, the firm posted ($0.10) earnings per share. On average, sell-side analysts forecast that Compass will post -0.39 EPS for the current fiscal year.

Analyst Ratings Changes

COMP has been the subject of several analyst reports. Gordon Haskett raised Compass from an “underperform” rating to a “hold” rating and upped their price objective for the company from $3.00 to $3.75 in a research note on Tuesday, June 25th. Needham & Company LLC lifted their price objective on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. The Goldman Sachs Group upped their price objective on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Compass in a report on Wednesday, June 26th. Finally, Barclays increased their price target on shares of Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.28.

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.