Compass (NYSE:COMP) Hits New 1-Year High at $6.47

Compass, Inc. (NYSE:COMP)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $6.47 and last traded at $6.47, with a volume of 4063 shares changing hands. The stock had previously closed at $6.38.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COMP. Barclays upped their price objective on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group lifted their price target on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer restated an “outperform” rating and set a $6.00 price objective on shares of Compass in a report on Wednesday, June 26th. Gordon Haskett upgraded Compass from an “underperform” rating to a “hold” rating and lifted their target price for the company from $3.00 to $3.75 in a report on Tuesday, June 25th. Finally, Needham & Company LLC raised their price objective on Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Compass has a consensus rating of “Hold” and a consensus price target of $4.28.

Compass Trading Up 3.1 %

The company has a market cap of $3.25 billion, a P/E ratio of -10.29 and a beta of 2.91. The company’s 50-day moving average price is $4.73 and its two-hundred day moving average price is $4.01.

Compass (NYSE:COMP) last released its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm earned ($0.10) earnings per share. As a group, analysts anticipate that Compass, Inc. will post -0.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Robert L. Reffkin sold 705,083 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $5.92, for a total transaction of $4,174,091.36. Following the transaction, the chief executive officer now directly owns 239,219 shares of the company’s stock, valued at $1,416,176.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert L. Reffkin sold 705,083 shares of Compass stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $5.92, for a total value of $4,174,091.36. Following the transaction, the chief executive officer now owns 239,219 shares of the company’s stock, valued at approximately $1,416,176.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert L. Reffkin sold 27,664 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $4.17, for a total transaction of $115,358.88. Following the completion of the sale, the chief executive officer now owns 393,486 shares in the company, valued at $1,640,836.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,767,261 shares of company stock worth $9,422,967. Insiders own 6.25% of the company’s stock.

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.