Compass (NYSE:COMP) Given Outperform Rating at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Compass (NYSE:COMP) in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a $6.00 price objective on the stock.

Several other analysts have also issued reports on COMP. The Goldman Sachs Group upped their price target on shares of Compass from $3.50 to $4.00 and gave the company a buy rating in a research report on Wednesday, February 28th. BTIG Research cut their price target on shares of Compass from $4.50 to $4.30 and set a buy rating for the company in a research report on Thursday, February 29th. Barclays upped their price target on shares of Compass from $2.50 to $4.00 and gave the company an equal weight rating in a research report on Tuesday, March 5th. Gordon Haskett upgraded shares of Compass from an underperform rating to a hold rating and upped their price target for the company from $3.00 to $3.75 in a research report on Tuesday. Finally, Needham & Company LLC restated a buy rating and set a $5.00 price target on shares of Compass in a research report on Thursday, May 9th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Hold and an average price target of $4.00.

Compass Stock Up 1.4 %

COMP opened at $3.59 on Wednesday. The stock has a market cap of $1.78 billion, a PE ratio of -5.79 and a beta of 2.91. Compass has a 52 week low of $1.82 and a 52 week high of $4.68. The business’s fifty day simple moving average is $3.68 and its 200 day simple moving average is $3.57.

Compass (NYSE:COMP) last released its earnings results on Wednesday, May 8th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Compass had a negative net margin of 6.10% and a negative return on equity of 71.71%. As a group, equities analysts anticipate that Compass will post -0.37 earnings per share for the current year.

Insider Buying and Selling

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of Compass stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $4.30, for a total transaction of $72,670,000.00. Following the sale, the insider now directly owns 75,570,273 shares of the company’s stock, valued at approximately $324,952,173.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.25% of the stock is owned by insiders.

About Compass

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.