Compass (NYSE:COMP) Sets New 52-Week High – What’s Next?

Shares of Compass, Inc. (NYSE:COMP) hit a new 52-week high during trading on Thursday . The company traded as high as $11.07 and last traded at $10.9150, with a volume of 2473230 shares. The stock had previously closed at $10.53.

Key Headlines Impacting Compass

Here are the key news stories impacting Compass this week:

• Positive Sentiment: Analyst says Google listing test likely won’t hurt Compass — a recent note that framed Google’s property-listing experiments as having minimal impact helped calm investor fears about competitive disruption. Read More.
• Positive Sentiment: Company to extend warrant expiry dates — management’s move to extend warrant expirations can reduce short-term dilution/forced conversions and provide more capital-structure flexibility. Read More.
• Neutral Sentiment: Bull case write-ups highlight long-term upside — recent bullish analyses reiterate growth and ancillary-services upside (title, etc.), but these are thesis pieces rather than new company disclosures. Read More.
• Neutral Sentiment: Unrelated “Compass” headlines creating noise — bankruptcy filings and closures at Compass Coffee (a separate business) are generating headline clutter that can confuse retail flows but are not directly tied to Compass, Inc.’s fundamentals. Read More. Read More.
• Negative Sentiment: Senators urge FTC/DOJ to scrutinize the Compass–Anywhere $1.6B deal — mounting political and regulatory scrutiny raises the risk the transaction faces delays, conditions or a potential challenge, which is a material deal-risk for future growth. Read More.
• Negative Sentiment: CFO Scott Wahlers sold 26,600 shares — an insider sale disclosed this week reduced his stake by ~7.8%; markets often interpret sizable insider selling as a negative signal even when sales are for personal liquidity. Read More.

Analyst Upgrades and Downgrades

COMP has been the subject of several research analyst reports. BTIG Research increased their target price on Compass from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Barclays raised Compass from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $9.00 to $13.00 in a report on Monday, December 8th. Wells Fargo & Company increased their target price on Compass from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Odeon Capital Group started coverage on Compass in a research report on Wednesday, November 19th. They set a “buy” rating on the stock. Finally, Compass Point set a $13.00 target price on shares of Compass in a research note on Monday, December 8th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $11.06.

Compass Price Performance

The stock has a market cap of $5.94 billion, a P/E ratio of -96.18 and a beta of 2.53. The company has a fifty day moving average of $9.20 and a 200 day moving average of $8.18.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%. As a group, analysts anticipate that Compass, Inc. will post 0.09 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of Compass stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $230,483.00. Following the transaction, the general counsel directly owned 258,712 shares in the company, valued at $2,845,832. The trade was a 7.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Scott R. Wahlers sold 26,600 shares of the stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.00, for a total value of $292,600.00. Following the completion of the transaction, the chief financial officer owned 313,625 shares of the company’s stock, valued at $3,449,875. This trade represents a 7.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 134,181 shares of company stock valued at $1,448,384 over the last 90 days. 4.08% of the stock is currently owned by insiders.

About Compass

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.