Compass (COMP) Projected to Post Quarterly Earnings on Tuesday

Compass (NYSE:COMP) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 18th. Analysts expect the company to announce earnings of ($0.10) per share and revenue of $1.38 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Compass Trading Up 4.3 %

Shares of COMP stock opened at $7.91 on Friday. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of -19.76 and a beta of 2.95. The stock has a 50-day moving average of $6.60 and a 200-day moving average of $6.11. Compass has a 1-year low of $2.89 and a 1-year high of $7.95.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 49,316 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total transaction of $291,457.56. Following the sale, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total value of $63,300,000.00. Following the sale, the insider now directly owns 58,070,273 shares in the company, valued at $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,224,628 shares of company stock valued at $77,587,229. Corporate insiders own 6.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. The Goldman Sachs Group raised their target price on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Barclays raised their target price on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Oppenheimer raised their target price on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group raised Compass from a “neutral” rating to a “buy” rating and raised their price objective for the company from $7.00 to $11.00 in a research note on Tuesday, February 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Compass in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.65.

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.