Stocks of Compass Inc. (NYSE:COMP) traded higher last session on Wall Street, up 2.15% to $3.33.
According to the data, Compass Inc. (NYSE:COMP) has 8 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $3.50, we find $4.00. Given the previous closing price of $3.26, this indicates a potential upside of 22.7 percent. COMP stock price is now -8.23% away from the 50-day moving average and 1.56% away from the 200-day moving average. The market capitalization of the company currently stands at $1.59B.
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A total of 4 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $4.43 as their price target over the next twelve months.
In other news, Hart Gregory M., Chief Operating Officer sold 40,144 shares of the company’s stock on Aug 11. The stock was sold for $147,320 at an average price of $3.67. Upon completion of the transaction, the Chief Operating Officer now directly owns 806,614 shares in the company, valued at $2.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 07, 10% Owner SVF Excalibur (Cayman) Ltd sold 15,000,000 shares of the business’s stock. A total of $55,350,000 was realized by selling the stock at an average price of $3.69. This leaves the insider owning 117,365,273 shares of the company worth $390.83 million. Insiders disposed of 15,535,332 shares of company stock worth roughly $51.73 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in COMP stock. A new stake in Compass Inc. shares was purchased by PORTOLAN CAPITAL MANAGEMENT, LLC during the first quarter worth $7,013,000. D. E. SHAW & CO., INC. invested $6,058,000 in shares of COMP during the first quarter. In the first quarter, EMG HOLDINGS, L.P. acquired a new stake in Compass Inc. valued at approximately $5,123,000. HONEYCOMB ASSET MANAGEMENT LP acquired a new stake in COMP for approximately $4,995,000. ELEMENT CAPITAL MANAGEMENT LLC purchased a new stake in COMP valued at around $3,156,000 in the second quarter. In total, there are 230 active investors with 67.10% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $3.3000 for Compass Inc. (NYSE: COMP). During the past 12 months, Compass Inc. has had a low of $1.84 and a high of $5.16. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for COMP is $3.6238 and a two-hundred day moving average price translates $3.2843 for the stock.
The latest earnings results from Compass Inc. (NYSE: COMP) was released for Jun, 2023. According to the Software – Application Company, earnings per share came in at -$0.1, missing analysts’ expectations of -$0.05 by -0.05. This compares to -$0.24 EPS in the same period last year. The net profit margin was -10.10% and return on equity was -99.10% for COMP. The company reported revenue of $1.49 billion for the quarter, compared to $2.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.04 percent. For the current quarter, analysts expect COMP to generate $1.37B in revenue.
Compass Inc.(COMP) 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. The company offers mobile apps that allow agents to manage their business anywhere as well as designs consumer-grade interfaces, an automated workflows for agent-client interactions. The company was formerly known as Urban Compass, Inc. and changed its name to Compass, Inc. in January 2021.Compass, Inc. was incorporated in 2012 and is headquartered in New York, New York.
