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

Compass (NYSE:COMP) had its price objective lifted by Barclays from $7.00 to $9.00 in a report released on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts also recently weighed in on the company. UBS Group boosted their price target on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Oppenheimer boosted their target price on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley raised their price target on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Needham & Company LLC upped their price objective on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group increased their price objective on shares of Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $8.94.

Compass Trading Down 4.7 %

Shares of COMP stock opened at $9.01 on Tuesday. The firm’s fifty day moving average price is $7.03 and its two-hundred day moving average price is $6.40. Compass has a 1 year low of $2.89 and a 1 year high of $10.25. The firm has a market capitalization of $4.60 billion, a P/E ratio of -29.06 and a beta of 2.95.

Compass (NYSE:COMP) last released its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business earned ($0.09) earnings per share. As a group, equities research analysts forecast that Compass will post 0.09 EPS for the current fiscal year.

Insider Transactions at Compass

In other Compass news, CAO Scott R. Wahlers sold 250,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total value of $2,317,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 329,187 shares in the company, valued at approximately $3,051,563.49. This trade represents a 43.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total value of $18,920,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,926,971 shares of company stock valued at $103,472,099. 6.25% of the stock is currently 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.