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

Compass, Inc. (NYSE:COMP) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 18,890,000 shares, a decrease of 5.8% from the September 30th total of 20,060,000 shares. Based on an average daily volume of 3,080,000 shares, the short-interest ratio is presently 6.1 days. Approximately 5.6% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and set a $5.50 price target on shares of Compass in a report on Tuesday, August 8th. The Goldman Sachs Group increased their target price on Compass from $3.50 to $4.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. BTIG Research assumed coverage on Compass in a research note on Monday, July 17th. They issued a “buy” rating and a $5.00 price target on the stock. Gordon Haskett cut Compass from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. They noted that the move was a valuation call. Finally, Morgan Stanley reissued an “equal weight” rating and set a $4.00 target price on shares of Compass in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Compass presently has a consensus rating of “Moderate Buy” and an average target price of $4.13.

Insiders Place Their Bets

In other Compass news, COO Gregory M. Hart sold 24,604 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $3.60, for a total transaction of $88,574.40. Following the sale, the chief operating officer now directly owns 732,802 shares in the company, valued at approximately $2,638,087.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, COO Gregory M. Hart sold 24,604 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $3.60, for a total transaction of $88,574.40. Following the completion of the transaction, the chief operating officer now directly owns 732,802 shares of the company’s stock, valued at approximately $2,638,087.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Gregory M. Hart sold 49,208 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $3.60, for a total value of $177,148.80. Following the completion of the sale, the chief operating officer now directly owns 757,406 shares in the company, valued at approximately $2,726,661.60. The disclosure for this sale can be found here. Insiders have sold 138,560 shares of company stock worth $482,435 over the last three months. Company insiders own 6.89% of the company’s stock.

Compass Stock Performance

Compass stock opened at $2.11 on Tuesday. The company has a market capitalization of $983.41 million, a P/E ratio of -1.82 and a beta of 2.64. Compass has a fifty-two week low of $1.84 and a fifty-two week high of $5.16. The stock has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $3.26.

Compass (NYSE:COMP) last issued its quarterly earnings data on Monday, August 7th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Compass had a negative net margin of 10.10% and a negative return on equity of 90.76%. As a group, analysts forecast that Compass will post -0.63 earnings per share for the current year.

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, as well as brokerage and adjacent services in the real estate industry.