Compass, Inc. (NYSE:COMP) Short Interest Update

Compass, Inc. (NYSE:COMP) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 16,760,000 shares, a growth of 24.7% from the February 13th total of 13,440,000 shares. Based on an average daily trading volume, of 5,760,000 shares, the short-interest ratio is currently 2.9 days. Currently, 3.8% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COMP. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price target on shares of Compass in a report on Friday. Barclays increased their price target on Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Oppenheimer increased their price target on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. UBS Group increased their price target on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group increased their price objective on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Compass presently has an average rating of “Moderate Buy” and a consensus target price of $9.61.

Compass Price Performance

NYSE COMP traded down $0.18 during midday trading on Tuesday, hitting $8.83. 5,325,812 shares of the company traded hands, compared to its average volume of 4,777,915. The company has a market cap of $4.57 billion, a PE ratio of -28.47 and a beta of 2.88. The company’s 50-day simple moving average is $7.72 and its 200-day simple moving average is $6.75. Compass has a 52 week low of $2.91 and a 52 week high of $10.25.

Compass (NYSE:COMP) last announced its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. During the same quarter last year, the firm earned ($0.09) EPS. On average, research analysts predict that Compass will post 0.09 earnings per share for the current year.

Insider Buying and Selling

In other Compass news, Director Pamela Thomas-Graham sold 35,683 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.00, for a total transaction of $321,147.00. Following the sale, the director now directly owns 93,990 shares in the company, valued at $845,910. This represents a 27.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Scott R. Wahlers sold 250,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total value of $2,317,500.00. Following the completion of the sale, the chief accounting officer now owns 329,187 shares in the company, valued at approximately $3,051,563.49. The trade was a 43.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,926,971 shares of company stock worth $40,172,099. Corporate insiders own 6.25% of the company’s stock.

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.