Compass (NYSE:COMP) Price Target Raised to $9.00

Compass (NYSE:COMP) had its price target hoisted by The Goldman Sachs Group from $8.00 to $9.00 in a research note published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

COMP has been the topic of several other reports. UBS Group lifted their price objective on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday. Needham & Company LLC boosted their price target on Compass from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer boosted their price target on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Barclays boosted their price target on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $8.69.

Compass Stock Down 7.9 %

COMP stock opened at $9.01 on Wednesday. Compass has a 52-week low of $2.89 and a 52-week high of $10.25. The stock’s 50 day moving average is $6.80 and its two-hundred day moving average is $6.26. The company has a market capitalization of $4.60 billion, a PE ratio of -29.05 and a beta of 2.95.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share (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 company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned ($0.09) EPS. As a group, sell-side analysts anticipate that Compass will post 0.08 EPS for the current year.

Insider Activity at Compass

In related news, CEO Robert L. Reffkin sold 2,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $6.33, for a total value of $63,300,000.00. Following the transaction, the insider now owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. This represents a 14.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,926,971 shares of company stock worth $103,472,099 in the last 90 days. 6.25% of the stock is currently owned by company insiders.

Compass Company Profile

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.