Compass, Inc. (NYSE:COMP) Stock Has Average Price Target of $14.15

Shares of Compass, Inc. (NYSE:COMP) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.15.

A number of equities analysts have commented on COMP shares. Oppenheimer lifted their price objective on shares of Compass from $15.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Wells Fargo & Company upped their target price on shares of Compass from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Barclays increased their price target on shares of Compass from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group lifted their price target on Compass from $10.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $15.00 price objective on shares of Compass in a research note on Wednesday, August 5th.

Compass Trading Down 3.4%

NYSE:COMP opened at $9.06 on Tuesday. Compass has a 1 year low of $6.37 and a 1 year high of $13.95. The stock’s 50 day simple moving average is $11.25 and its two-hundred day simple moving average is $9.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05.

Compass (NYSE:COMP) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Compass had a return on equity of 3.62% and a net margin of 0.63%.The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.11 billion. As a group, analysts anticipate that Compass will post 0.24 earnings per share for the current year.

Insider Activity at Compass

In other news, CEO Robert Reffkin sold 23,456 shares of Compass stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $11.70, for a total value of $274,435.20. Following the completion of the transaction, the chief executive officer owned 7,757,748 shares in the company, valued at approximately $90,765,651.60. The trade was a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.85% of the company’s stock.

Institutional Trading of Compass

A number of institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc purchased a new position in Compass during the second quarter worth $31,000. Nykredit A S purchased a new stake in shares of Compass in the second quarter valued at $77,000. Allworth Financial LP bought a new stake in shares of Compass in the 2nd quarter worth about $110,000. QRG Capital Management Inc. bought a new stake in shares of Compass in the 2nd quarter worth about $152,000. Finally, Angeles Wealth Management LLC purchased a new position in shares of Compass during the 2nd quarter worth about $224,000. 67.05% of the stock is currently owned by institutional investors.

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides brokerage services through a network of real estate agents who help clients buy, sell, and market residential properties.

Compass supports its agents with a suite of digital tools, including customer relationship management, property search, marketing, lead generation, transaction management, and workflow software. Its platform is designed to streamline the real estate process while helping agents manage client relationships and promote property listings.

Founded in 2012 as Urban Compass, the company later adopted the Compass name and expanded its operations across major U.S.