Compass (NYSE:COMP) Earns Buy Rating from Needham & Company LLC

Compass (NYSE:COMP)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a report issued on Friday,Benzinga reports. They currently have a $12.00 target price on the stock. Needham & Company LLC’s target price indicates a potential upside of 37.38% from the company’s current price.

COMP has been the subject of several other research reports. The Goldman Sachs Group lifted their price objective on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley lifted their price objective on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. 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, February 19th. Oppenheimer lifted their price objective on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Finally, Barclays lifted their price objective on Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.61.

Compass Trading Up 0.1 %

Compass stock opened at $8.74 on Friday. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of -28.18 and a beta of 2.88. The stock has a fifty day simple moving average of $7.65 and a two-hundred day simple moving average of $6.71. Compass has a 12 month low of $2.90 and a 12 month high of $10.25.

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

Insider Buying and Selling at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction dated 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 transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Wahlers sold 250,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were 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 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 14,926,971 shares of company stock valued at $103,472,099. Company insiders own 6.25% of the company’s stock.

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.