Compass (NYSE:COMP) Shares Gap Up to $4.70

Compass, Inc. (NYSE:COMP)’s share price gapped up prior to trading on Monday . The stock had previously closed at $4.70, but opened at $4.80. Compass shares last traded at $4.84, with a volume of 385,835 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Barclays lifted their target price on shares of Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. UBS Group lifted their price objective on shares of Compass from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $3.00 to $3.75 in a research note on Tuesday, June 25th. Oppenheimer reiterated an “outperform” rating and issued a $6.00 price objective on shares of Compass in a research note on Wednesday, June 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Compass presently has a consensus rating of “Hold” and a consensus price target of $4.28.

Compass Trading Up 3.4 %

The stock’s 50-day moving average is $4.02 and its 200-day moving average is $3.77. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -7.58 and a beta of 2.89.

Compass (NYSE:COMP) last released its quarterly earnings data 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. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Compass had a negative net margin of 4.53% and a negative return on equity of 56.79%. During the same period in the prior year, the company earned ($0.10) EPS. On average, equities research analysts anticipate that Compass, Inc. will post -0.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 27,664 shares of the business’s 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 directly owns 393,486 shares of the company’s stock, valued at approximately $1,640,836.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.25% of the company’s stock.

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.