Compass, Inc. (NYSE:COMP) Short Interest Update

Compass, Inc. (NYSE:COMP) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 16,760,000 shares, an increase of 24.7% from the February 13th total of 13,440,000 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily trading volume, of 5,760,000 shares, the short-interest ratio is currently 2.9 days.

Analysts Set New Price Targets

COMP has been the topic of several recent analyst reports. Morgan Stanley raised their price objective on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Oppenheimer boosted their price objective on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group increased their target price on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Barclays boosted their price target on Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Finally, UBS Group increased their price objective on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Compass has a consensus rating of “Moderate Buy” and a consensus price target of $9.61.

Insider Transactions at Compass

In other news, CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction on 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 SEC, which is accessible through this link. Also, CAO Scott R. Wahlers sold 250,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total value of $2,317,500.00. Following the completion of the sale, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at $3,051,563.49. This trade represents a 43.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,926,971 shares of company stock worth $103,472,099 in the last ninety days. Insiders own 6.25% of the company’s stock.

Compass Stock Performance

NYSE:COMP traded up $0.30 during trading hours on Monday, reaching $9.06. The stock had a trading volume of 6,217,481 shares, compared to its average volume of 4,784,801. The stock has a market capitalization of $4.69 billion, a PE ratio of -29.21 and a beta of 2.88. Compass has a 52 week low of $2.90 and a 52 week high of $10.25. The company has a 50 day moving average price of $7.72 and a two-hundred day moving average price of $6.75.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Equities research analysts predict that Compass will post 0.09 EPS for the current year.

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.