Compass (NYSE:COMP) Stock Rating Raised to “Outperform” at Zelman & Associates

Compass (NYSE:COMP) was upgraded by equities researchers at Zelman & Associates from a “neutral” rating to an “outperform” rating in a report released on Wednesday, Benzinga reports.

Other research analysts have also recently issued reports about the company. BTIG Research reaffirmed a “buy” rating on shares of Compass in a report on Wednesday, July 15th. Wells Fargo & Company reduced their price target on shares of Compass from $13.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. The Goldman Sachs Group increased their price objective on shares of Compass from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $15.00 price objective on shares of Compass in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Compass from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.50.

Compass Trading Up 5.5%

Shares of COMP opened at $9.51 on Wednesday. The stock has a fifty day moving average price of $10.38 and a two-hundred day moving average price of $9.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. Compass has a 52-week low of $6.37 and a 52-week high of $13.95. The company has a market cap of $7.20 billion, a price-to-earnings ratio of 158.42 and a beta of 2.32.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.11 billion. Compass had a return on equity of 3.62% and a net margin of 0.63%. Analysts predict that Compass will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Compass

In other news, CEO Robert Reffkin sold 23,456 shares of the stock in a transaction 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 transaction, the chief executive officer owned 7,757,748 shares of the company’s stock, valued at $90,765,651.60. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Compass

A number of institutional investors have recently made changes to their positions in COMP. Wellington Management Group LLP bought a new stake in Compass in the second quarter valued at about $41,838,000. Irenic Capital Management LP acquired a new position in Compass in the second quarter valued at about $22,156,000. Readystate Asset Management LP bought a new position in Compass during the second quarter worth about $20,237,000. Steamboat Capital Partners LLC bought a new position in Compass during the second quarter worth about $17,069,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Compass during the 2nd quarter worth about $10,232,000. 67.05% of the stock is owned by institutional investors and hedge funds.

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.