Compass (NYSE:COMP) Reaches New 52-Week High – Still a Buy?

Compass, Inc. (NYSE:COMP)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $11.07 and last traded at $10.9150, with a volume of 2473230 shares traded. The stock had previously closed at $10.53.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Compass from a “hold” rating to a “buy” rating in a research report on Sunday. Barclays upgraded shares of Compass from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $9.00 to $13.00 in a research note on Monday, December 8th. Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Compass in a research report on Tuesday, November 4th. Odeon Capital Group started coverage on Compass in a research report on Wednesday, November 19th. They issued a “buy” rating on the stock. Finally, Zacks Research upgraded Compass from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.06.

Compass Price Performance

The stock has a market capitalization of $6.07 billion, a PE ratio of -98.41 and a beta of 2.53. The firm’s 50 day simple moving average is $9.06 and its 200 day simple moving average is $8.13.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, November 4th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. Analysts expect that Compass, Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total transaction of $230,483.00. Following the completion of the sale, the general counsel directly owned 258,712 shares in the company, valued at $2,845,832. This represents a 7.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Scott R. Wahlers sold 49,900 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total transaction of $548,900.00. Following the transaction, the chief financial officer directly owned 363,725 shares of the company’s stock, valued at approximately $4,000,975. This trade represents a 12.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 107,581 shares of company stock worth $1,155,784. 4.08% of the stock is owned by insiders.

About Compass

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.