Compass (NYSE:COMP – Get Free Report) had its price objective decreased by JPMorgan Chase & Co. from $15.00 to $13.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 44.28% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Barclays upped their price objective on Compass from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. UBS Group lowered their price objective on Compass from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup assumed coverage on shares of Compass in a report on Wednesday, October 14th. They set an “outperform” rating on the stock. Wells Fargo & Company cut their target price on shares of Compass from $13.00 to $10.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Finally, The Goldman Sachs Group raised their price objective on shares of Compass from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.21.
View Our Latest Report on COMP
Compass Stock Down 4.0%
NYSE:COMP traded down $0.38 on Friday, hitting $9.01. The stock had a trading volume of 17,661,057 shares, compared to its average volume of 15,925,535. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. Compass has a 52 week low of $6.37 and a 52 week high of $13.95. The business’s fifty day moving average is $9.98 and its 200 day moving average is $9.98. The company has a market cap of $6.83 billion, a PE ratio of 150.17 and a beta of 2.32.
Compass (NYSE:COMP – Get Free Report) last issued 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. Compass had a return on equity of 3.62% and a net margin of 0.63%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.11 billion. On average, equities research analysts expect that Compass will post 0.19 EPS for the current fiscal year.
Insiders Place Their Bets
In other Compass news, CEO Robert Reffkin sold 23,456 shares of Compass stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $11.70, for a total transaction of $274,435.20. Following the completion of the sale, the chief executive officer directly owned 7,757,748 shares in the company, valued at $90,765,651.60. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by corporate insiders.
Institutional Trading of Compass
A number of hedge funds have recently made changes to their positions in COMP. Wellington Management Group LLP bought a new position in Compass in the second quarter valued at $41,838,000. Irenic Capital Management LP bought a new stake in Compass in the 2nd quarter worth approximately $22,156,000. Readystate Asset Management LP bought a new stake in Compass in the 2nd quarter worth approximately $20,237,000. Steamboat Capital Partners LLC purchased a new stake in Compass in the second quarter worth approximately $17,069,000. Finally, Squarepoint Ops LLC bought a new position in Compass during the second quarter valued at approximately $10,232,000. 67.05% of the stock is owned by institutional investors.
More Compass News
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
Compass Company Profile
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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