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. Based on an average daily volume of 5,760,000 shares, the short-interest ratio is presently 2.9 days. Currently, 3.8% of the company’s stock are sold short.

Compass Stock Down 1.9 %

Shares of NYSE:COMP traded down $0.18 during trading on Tuesday, reaching $8.83. 5,325,812 shares of the company’s stock traded hands, compared to its average volume of 4,777,915. Compass has a fifty-two week low of $2.91 and a fifty-two week high of $10.25. The firm has a market cap of $4.57 billion, a PE ratio of -28.47 and a beta of 2.88. The company has a 50-day simple moving average of $7.72 and a 200-day simple moving average of $6.75.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, February 18th. 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 return on equity of 39.72% and a negative net margin of 2.74%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the firm posted ($0.09) EPS. On average, equities research analysts forecast that Compass will post 0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on COMP shares. The Goldman Sachs Group lifted their price objective on Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price objective on shares of Compass in a research note on Friday. Morgan Stanley lifted their price objective on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Barclays lifted their price objective on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Finally, UBS Group lifted their price objective on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.61.

Insider Activity

In related news, CEO Robert L. Reffkin sold 49,316 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pamela Thomas-Graham sold 35,683 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.00, for a total value of $321,147.00. Following the completion of the transaction, the director now owns 93,990 shares of the company’s stock, valued at $845,910. This trade represents a 27.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,926,971 shares of company stock worth $40,172,099. Insiders own 6.25% 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.