Compass (NYSE:COMP) Stock Price Up 4.4% - Here's What Happened

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

Wall Street Analyst Weigh In

COMP has been the topic of several research analyst reports. Morgan Stanley increased their price target on Compass from $6.00 to $8.50 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Needham & Company LLC reissued a "buy" rating and issued a $12.00 price objective on shares of Compass in a research note on Friday, March 14th. Barclays lifted their price target on shares of Compass from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Tuesday, February 25th. Oppenheimer raised their target price on shares of Compass from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Finally, UBS Group boosted their price objective on Compass from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Three research 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 currently has a consensus rating of "Moderate Buy" and an average target price of $9.75.

Compass Price Performance

The firm has a market capitalization of $4.96 billion, a PE ratio of -30.92 and a beta of 2.88. The stock's 50-day moving average price is $8.00 and its 200 day moving average price is $6.86.

Compass (NYSE:COMP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same period in the prior year, the business posted ($0.09) EPS. Equities research analysts forecast that Compass, Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In related news, CEO Robert L. Reffkin sold 2,000,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total transaction of $18,920,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Bradley K. Serwin sold 137,472 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.16, for a total value of $1,259,243.52. Following the completion of the sale, the general counsel now owns 221,595 shares of the company's stock, valued at $2,029,810.20. This trade represents a 38.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,926,971 shares of company stock worth $40,172,099. Insiders own 6.25% of the company's stock.

Compass Company Profile

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.