Compass (NYSE:COMP) Trading Up 6.7% – Still a Buy?

Shares of Compass, Inc. (NYSE:COMP) rose 6.7% during trading on Wednesday . The stock traded as high as $12.26 and last traded at $12.4580. 1,187,174 shares traded hands during trading, a decline of 93% from the average daily volume of 17,312,088 shares. The stock had previously closed at $11.68.

Wall Street Analyst Weigh In

COMP has been the topic of several research reports. Morgan Stanley increased their target price on Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Weiss Ratings raised Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. BTIG Research restated a “buy” rating on shares of Compass in a research note on Wednesday. Benchmark initiated coverage on Compass in a report on Thursday, March 26th. They issued a “buy” rating and a $14.00 price objective on the stock. Finally, Barclays lifted their price objective on Compass from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.12.

Compass Price Performance

The business’s 50 day moving average price is $9.68 and its 200-day moving average price is $9.71. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The company has a market cap of $9.10 billion, a PE ratio of 608.80 and a beta of 2.35.

Compass (NYSE:COMP) last announced its earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.20. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Compass had a net margin of 0.17% and a return on equity of 1.11%. As a group, analysts forecast that Compass, Inc. will post 0.1 earnings per share for the current year.

Insider Buying and Selling

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total value of $293,434.56. Following the completion of the transaction, the chief executive officer directly owned 7,781,204 shares of the company’s stock, valued at $97,342,862.04. This represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by corporate insiders.

About Compass

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.