Compass (NYSE:COMP) Shares Up 4.4% – Still a Buy?

Compass, Inc. (NYSE:COMP) rose 4.4% during mid-day trading on Thursday . The stock traded as high as $9.34 and last traded at $9.28. Approximately 1,536,135 shares traded hands during trading, a decline of 68% from the average daily volume of 4,746,405 shares. The stock had previously closed at $8.88.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Compass in a research note on Friday, March 14th. The Goldman Sachs Group increased their price objective on Compass from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer upped their price target on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. UBS Group lifted their price objective on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, Barclays increased their price target on shares of Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $9.75.

Compass Stock Up 3.5 %

The firm’s fifty day simple moving average is $8.00 and its two-hundred day simple moving average is $6.84. The firm has a market cap of $4.87 billion, a PE ratio of -30.34 and a beta of 2.88.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. During the same period in the previous year, the business earned ($0.09) earnings per share. As a group, analysts anticipate that Compass, Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Compass news, CAO Scott R. Wahlers sold 250,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total value of $2,317,500.00. Following the completion of the sale, the chief accounting officer now directly owns 329,187 shares of the company’s stock, valued at $3,051,563.49. The trade was a 43.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,926,971 shares of company stock valued at $40,172,099. Company 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.