Readystate Asset Management LP Purchases New Position in Compass, Inc. $COMP

Readystate Asset Management LP acquired a new stake in Compass, Inc. (NYSE:COMP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,641,267 shares of the company’s stock, valued at approximately $20,237,000. Readystate Asset Management LP owned 0.22% of Compass at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nykredit A S acquired a new position in Compass during the 2nd quarter worth approximately $77,000. Angeles Wealth Management LLC purchased a new stake in shares of Compass during the second quarter valued at approximately $224,000. Wedmont Private Capital acquired a new position in shares of Compass during the second quarter worth $242,000. Fund 1 Investments LLC purchased a new position in shares of Compass in the second quarter valued at $2,837,000. Finally, Beaconlight Capital LLC acquired a new stake in Compass during the 2nd quarter valued at $8,013,000. Institutional investors and hedge funds own 67.05% of the company’s stock.

Insider Buying and Selling

In other Compass news, CEO Robert Reffkin sold 23,456 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $11.70, for a total value of $274,435.20. Following the sale, the chief executive officer owned 7,757,748 shares in the company, valued at approximately $90,765,651.60. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.85% of the company’s stock.

Compass Price Performance

Shares of COMP opened at $11.14 on Monday. Compass, Inc. has a 12 month low of $6.37 and a 12 month high of $13.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average price of $11.89 and a 200 day moving average price of $9.65.

Compass (NYSE:COMP) last posted its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Compass had a return on equity of 3.62% and a net margin of 0.63%. As a group, sell-side analysts anticipate that Compass, Inc. will post 0.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on COMP. Wells Fargo & Company upped their price objective on shares of Compass from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 5th. Zacks Research downgraded Compass from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Weiss Ratings raised shares of Compass from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $15.00 price target on shares of Compass in a report on Wednesday, August 5th. Finally, UBS Group boosted their target price on shares of Compass from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Compass presently has a consensus rating of “Moderate Buy” and an average price target of $14.15.

Compass 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.