Compass (NYSE:COMP) Reaches New 1-Year High on Earnings Beat

Shares of Compass, Inc. (NYSE:COMP) reached a new 52-week high on Tuesday following a stronger than expected earnings report. The stock traded as high as $8.07 and last traded at $7.80, with a volume of 17911 shares changing hands. The stock had previously closed at $7.93.

The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. Compass had a negative net margin of 3.70% and a negative return on equity of 49.45%. During the same period last year, the firm posted ($0.09) earnings per share.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Barclays increased their target price on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Compass in a research note on Thursday, January 16th. UBS Group upgraded shares of Compass from a “neutral” rating to a “buy” rating and upped their price target for the stock from $7.00 to $11.00 in a report on Tuesday, February 11th. Finally, Oppenheimer lifted their price objective on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.65.

Insider Activity

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the sale, the insider now owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This trade represents a 14.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert L. Reffkin sold 49,316 shares of Compass stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total value of $291,457.56. Following the completion of the transaction, the chief executive officer now owns 2,950,684 shares in the company, valued at $17,438,542.44. This trade represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,728,326 shares of company stock worth $74,520,082. Company insiders own 6.25% of the company’s stock.

Compass Price Performance

The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -19.91 and a beta of 2.95. The firm has a fifty day simple moving average of $6.62 and a two-hundred day simple moving average of $6.15.

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.