Compass (NYSE:COMP – Free Report) had its price objective cut by UBS Group from $17.00 to $15.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.
COMP has been the subject of several other research reports. Zacks Research downgraded shares of Compass from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Compass from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $15.00 price objective on shares of Compass in a research report on Wednesday, August 5th. Citigroup assumed coverage on Compass in a report on Wednesday, October 14th. They set an “outperform” rating for the company. Finally, Compass Point set a $11.00 target price on Compass in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.21.
View Our Latest Research Report on COMP
Compass Trading Down 4.0%
Shares of Compass stock opened at $9.01 on Wednesday. The business has a fifty day simple moving average of $9.92 and a two-hundred day simple moving average of $9.96. Compass has a 1 year low of $6.37 and a 1 year high of $13.95. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 150.17 and a beta of 2.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06.
Compass (NYSE:COMP – Get Free Report) last released 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 firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Compass had a net margin of 0.63% and a return on equity of 3.62%. Research analysts forecast that Compass will post 0.19 EPS for the current year.
Insider Activity
In other news, CEO Robert Reffkin sold 23,456 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $11.70, for a total value of $274,435.20. Following the completion of the sale, the chief executive officer owned 7,757,748 shares of the company’s stock, valued at approximately $90,765,651.60. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.85% of the company’s stock.
Institutional Trading of Compass
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rakuten Investment Management Inc. bought a new stake in Compass in the 3rd quarter valued at about $993,000. Vise Technologies Inc. raised its position in shares of Compass by 30.1% in the third quarter. Vise Technologies Inc. now owns 61,487 shares of the company’s stock valued at $546,000 after buying an additional 14,239 shares in the last quarter. Brucke Financial Inc. bought a new stake in shares of Compass in the third quarter valued at approximately $114,000. Sterling Capital Management LLC boosted its stake in shares of Compass by 427.6% in the third quarter. Sterling Capital Management LLC now owns 22,636 shares of the company’s stock valued at $201,000 after buying an additional 18,346 shares during the period. Finally, Reyes Financial Architecture Inc. acquired a new stake in Compass during the third quarter worth approximately $35,000. Institutional investors and hedge funds own 67.05% of the company’s stock.
Trending Headlines about Compass
Here are the key news stories impacting Compass this week:
- Positive Sentiment: UBS lowered its price target to $15 from $17 but maintained a Buy rating, implying substantial potential upside from recent trading levels. UBS Group Issues Pessimistic Forecast for Compass Stock Price
- Positive Sentiment: Compass is raising production requirements for new agents by 30%, a move management describes as emphasizing quality over quantity. The strategy could improve agent productivity and service quality, although it may slow agent additions. Compass Raises Agent Standards 30 Percent
- Neutral Sentiment: Compass is expected to report quarterly results next week. Analysts anticipate earnings growth, but Zacks said the company lacks the usual combination of factors supporting a likely earnings beat, increasing the risk of a muted or disappointing report. Compass Earnings Expected to Grow
- Negative Sentiment: Multiple law firms announced or promoted securities class actions against Compass. The lawsuits allege that the company made false or misleading statements in merger-related offering documents and communications, including claims concerning the Anywhere transaction and antitrust review. The allegations have not been proven, but the litigation creates legal, financial and reputational risks. Lead-plaintiff deadlines fall in early December. Kaplan Fox Compass Investor Notice
About Compass
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.
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