Compass, Inc. (NYSE:COMP) Sees Large Drop in Short Interest

Compass, Inc. (NYSE:COMP) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 22,000,000 shares, a drop of 6.0% from the August 15th total of 23,400,000 shares. Based on an average daily volume of 4,810,000 shares, the days-to-cover ratio is currently 4.6 days. Currently, 5.4% of the shares of the stock are short sold.

Insider Activity at Compass

In other news, CEO Robert L. Reffkin sold 27,664 shares of Compass stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $4.17, for a total transaction of $115,358.88. Following the sale, the chief executive officer now owns 393,486 shares in the company, valued at $1,640,836.62. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Robert L. Reffkin sold 164,514 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $4.90, for a total value of $806,118.60. Following the completion of the sale, the chief executive officer now directly owns 835,486 shares of the company’s stock, valued at approximately $4,093,881.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert L. Reffkin sold 27,664 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $4.17, for a total transaction of $115,358.88. Following the completion of the sale, the chief executive officer now directly owns 393,486 shares of the company’s stock, valued at $1,640,836.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,267,261 shares of company stock valued at $56,222,967. 6.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on COMP. The Goldman Sachs Group raised their price objective on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays boosted their price target on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Gordon Haskett raised Compass from an “underperform” rating to a “hold” rating and raised their price objective for the company from $3.00 to $3.75 in a research report on Tuesday, June 25th. Oppenheimer reissued an “outperform” rating and set a $6.00 price target on shares of Compass in a research report on Wednesday, June 26th. Finally, Needham & Company LLC lifted their price objective on shares of Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $4.28.

Compass Trading Up 2.0 %

NYSE:COMP opened at $6.54 on Wednesday. The company’s 50 day moving average is $4.85 and its two-hundred day moving average is $4.05. The company has a market cap of $3.23 billion, a PE ratio of -10.55 and a beta of 2.91. Compass has a twelve month low of $1.82 and a twelve month high of $6.63.

Compass (NYSE:COMP) last issued its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the business posted ($0.10) EPS. As a group, analysts expect that Compass will post -0.39 EPS for the current fiscal year.

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.