Compass (NYSE:COMP) Price Target Raised to $12.00

Compass (NYSE:COMP) had its price objective hoisted by UBS Group from $11.00 to $12.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on COMP. Barclays raised their price objective on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group raised their price objective on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Oppenheimer raised their price objective on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC lifted their target price on Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $8.69.

Compass Stock Down 7.9 %

NYSE COMP opened at $9.01 on Wednesday. Compass has a 52 week low of $2.89 and a 52 week high of $10.25. The business’s fifty day simple moving average is $6.80 and its 200-day simple moving average is $6.26. The firm has a market cap of $4.60 billion, a PE ratio of -29.05 and a beta of 2.95.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm earned ($0.09) EPS. Research analysts expect that Compass will post 0.08 EPS for the current year.

Insider Buying and Selling

In related news, CAO Scott R. Wahlers sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the completion of the sale, the chief accounting officer now owns 329,187 shares in the company, valued at $3,051,563.49. The trade was a 43.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $291,457.56. Following the sale, the chief executive officer now owns 2,950,684 shares of the company’s stock, valued at approximately $17,438,542.44. The trade was a 1.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,926,971 shares of company stock worth $103,472,099 over the last 90 days. 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.