Wellington Management Group LLP Buys Shares of 3,393,203 Compass, Inc. $COMP

Wellington Management Group LLP purchased a new stake in shares of Compass, Inc. (NYSE:COMP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,393,203 shares of the company’s stock, valued at approximately $41,838,000.

Insider Buying and Selling

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

Compass Stock Up 4.6%

Compass stock opened at $11.08 on Friday. The firm has a market cap of $8.39 billion, a price-to-earnings ratio of 184.67 and a beta of 2.32. Compass, Inc. has a 52-week low of $6.37 and a 52-week 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 firm has a 50 day moving average price of $11.89 and a two-hundred day moving average price of $9.65.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Compass had a net margin of 0.63% and a return on equity of 3.62%. The company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.11 billion. Equities analysts predict that Compass, Inc. will post 0.24 EPS for the current year.

Analyst Upgrades and Downgrades

COMP has been the subject of several recent research reports. Zelman & Associates reaffirmed a “hold” rating and issued a $13.50 price objective on shares of Compass in a research note on Thursday, August 6th. Weiss Ratings raised shares of Compass from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. The Goldman Sachs Group upped their price target on shares of Compass from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $15.00 price target on shares of Compass in a research note on Wednesday, August 5th. Finally, Barclays lifted their price target on shares of Compass from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.15.

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.