Compass (NYSE:COMP) Shares Up 8.6% – Here’s Why

Shares of Compass, Inc. (NYSE:COMP) shot up 8.6% during trading on Friday . The company traded as high as $7.89 and last traded at $7.9310. 1,507,455 shares were traded during mid-day trading, a decline of 92% from the average session volume of 19,974,662 shares. The stock had previously closed at $7.30.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COMP. Wells Fargo & Company lowered their target price on shares of Compass from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. UBS Group reissued a “buy” rating and set a $17.00 price target on shares of Compass in a research report on Monday, February 9th. Benchmark started coverage on shares of Compass in a research report on Thursday, March 26th. They set a “buy” rating and a $14.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of Compass from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, January 20th. Finally, Compass Point set a $15.00 price target on shares of Compass in a research report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Compass presently has an average rating of “Moderate Buy” and a consensus target price of $12.67.

Compass Trading Up 11.7%

The stock has a market capitalization of $6.05 billion, a PE ratio of -81.55 and a beta of 2.62. The firm’s fifty day moving average price is $8.69 and its two-hundred day moving average price is $9.60.

Compass (NYSE:COMP) last posted its earnings results on Thursday, February 26th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Compass had a negative net margin of 0.84% and a negative return on equity of 7.99%. As a group, sell-side analysts anticipate that Compass, Inc. will post 0.09 earnings per share for the current fiscal year.

Compass Company Profile

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.