Compass (NYSE:COMP) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Compass (NYSE:COMP) announced its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01), Zacks reports. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%.

Compass Trading Up 4.9%

Shares of COMP stock traded up $0.47 on Thursday, reaching $9.98. The company’s stock had a trading volume of 27,694,988 shares, compared to its average volume of 24,534,398. The stock’s fifty day simple moving average is $11.54 and its 200-day simple moving average is $9.82. Compass has a 1 year low of $5.66 and a 1 year high of $13.95. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of -90.73 and a beta of 2.54.

Insider Buying and Selling

In other Compass news, CFO Scott R. Wahlers sold 99,986 shares of Compass stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $12.03, for a total value of $1,202,831.58. Following the completion of the transaction, the chief financial officer directly owned 250,073 shares of the company’s stock, valued at $3,008,378.19. This trade represents a 28.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 4.08% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Compass in a research note on Wednesday, January 21st. Odeon Capital Group began coverage on shares of Compass in a report on Wednesday, November 19th. They set a “buy” rating for the company. UBS Group restated a “buy” rating and set a $17.00 price target on shares of Compass in a research report on Monday, February 9th. JPMorgan Chase & Co. started coverage on shares of Compass in a research report on Monday, January 26th. They issued an “overweight” rating and a $15.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Compass from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, January 20th. Eight analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.64.

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.