Compass, Inc. (NYSE:COMP – Get Rating) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 16,880,000 shares, an increase of 18.5% from the September 15th total of 14,240,000 shares. Based on an average daily trading volume, of 4,240,000 shares, the short-interest ratio is presently 4.0 days. Approximately 6.2% of the shares of the company are short sold.
Analyst Ratings Changes
COMP has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Compass from $8.50 to $7.50 and set a “buy” rating for the company in a research note on Tuesday, August 16th. Compass Point initiated coverage on shares of Compass in a research note on Tuesday, June 21st. They set a “buy” rating and a $8.00 price objective for the company. Barclays reduced their price objective on shares of Compass from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 16th. Finally, Morgan Stanley reduced their price target on shares of Compass from $5.00 to $4.20 and set an “equal weight” rating for the company in a research report on Tuesday, August 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $8.96.
Compass Trading Down 8.9 %
COMP stock traded down $0.24 during midday trading on Friday, hitting $2.46. 1,879,166 shares of the company traded hands, compared to its average volume of 5,364,574. The business has a 50 day simple moving average of $3.13 and a 200-day simple moving average of $4.42. Compass has a twelve month low of $2.23 and a twelve month high of $13.54.
Compass (NYSE:COMP – Get Rating) last announced its quarterly earnings data on Monday, August 15th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.07). The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.11 billion. Compass had a negative return on equity of 63.84% and a negative net margin of 8.32%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.02) EPS. Equities analysts predict that Compass will post -1.24 EPS for the current year.
Insiders Place Their Bets
In related news, CTO Joseph Sirosh sold 71,881 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $4.03, for a total value of $289,680.43. Following the sale, the chief technology officer now owns 479,137 shares of the company’s stock, valued at approximately $1,930,922.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Danielle J. Wilkie sold 33,622 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $4.03, for a total transaction of $135,496.66. Following the completion of the transaction, the insider now owns 302 shares of the company’s stock, valued at $1,217.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Joseph Sirosh sold 71,881 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $4.03, for a total transaction of $289,680.43. Following the transaction, the chief technology officer now owns 479,137 shares of the company’s stock, valued at approximately $1,930,922.11. The disclosure for this sale can be found here. Insiders have sold a total of 185,314 shares of company stock valued at $716,387 in the last quarter. Insiders own 17.70% 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, as well as brokerage and adjacent services in the real estate industry.
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