Compass (NYSE:COMP) Trading Up 4.9%

Shares of Compass, Inc. (NYSE:COMP) shot up 4.9% during trading on Wednesday . The stock traded as high as $3.45 and last traded at $3.45. 770,319 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 4,948,288 shares. The stock had previously closed at $3.29.

Analyst Ratings Changes

COMP has been the topic of several research reports. UBS Group lifted their target price on Compass from $2.25 to $3.50 and gave the stock a “neutral” rating in a report on Friday, March 1st. BTIG Research reduced their price target on shares of Compass from $4.50 to $4.30 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Oppenheimer reiterated an “outperform” rating and set a $6.00 price objective (up previously from $5.50) on shares of Compass in a research report on Wednesday, February 28th. Gordon Haskett downgraded shares of Compass from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $2.75 to $2.25 in a report on Wednesday, February 21st. Finally, Barclays upped their target price on shares of Compass from $2.50 to $4.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $3.78.

Compass Trading Up 3.5 %

The business’s 50 day moving average is $3.56 and its 200 day moving average is $3.02.

Compass (NYSE:COMP) last released its earnings results on Tuesday, February 27th. The company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). Compass had a negative return on equity of 70.51% and a negative net margin of 6.58%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted ($0.36) earnings per share. As a group, analysts predict that Compass, Inc. will post -0.32 earnings per share for the current year.

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $3.66, for a total value of $36,600,000.00. Following the transaction, the insider now directly owns 92,470,273 shares in the company, valued at $338,441,199.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.89% 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.