Compass, Inc. (NYSE:COMP) Short Interest Up 24.7% in February

Compass, Inc. (NYSE:COMP) was the recipient of a significant increase in short interest in 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. Approximately 3.8% of the shares of the stock are short sold.

Insider Activity

In related news, CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total value of $18,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott R. Wahlers sold 250,000 shares of Compass stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total value of $2,317,500.00. Following the completion of the transaction, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at approximately $3,051,563.49. This represents a 43.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,926,971 shares of company stock worth $40,172,099 over the last 90 days. Corporate insiders own 6.25% of the company’s stock.

Compass Stock Down 1.9 %

Shares of NYSE:COMP opened at $8.83 on Wednesday. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of -28.47 and a beta of 2.88. Compass has a 52 week low of $2.91 and a 52 week high of $10.25. The firm has a 50 day moving average of $7.78 and a 200 day moving average of $6.77.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. On average, sell-side analysts expect that Compass will post 0.09 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on COMP shares. Needham & Company LLC restated a “buy” rating and set a $12.00 target price on shares of Compass in a research report on Friday, March 14th. Barclays boosted their target price on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Morgan Stanley boosted their target price on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Oppenheimer boosted their target price on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group boosted their target price on Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $9.61.

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.