Compass, Inc. (NYSE:COMP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Compass, Inc. (NYSE:COMP) have received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $9.61.

Several equities analysts have recently commented on COMP shares. UBS Group upped their price objective on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Oppenheimer raised their price objective on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley upped 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 reissued a “buy” rating and issued a $12.00 target price on shares of Compass in a research report on Friday, March 14th. Finally, The Goldman Sachs Group boosted their price target on Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th.

Insider Activity

In other news, CAO Scott R. Wahlers sold 250,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the completion of the transaction, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at approximately $3,051,563.49. The trade was a 43.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total transaction of $18,920,000.00. The disclosure for this sale can be found here. Insiders have sold 4,926,971 shares of company stock worth $40,172,099 over the last 90 days. Company insiders own 6.25% of the company’s stock.

Compass Trading Up 2.2 %

Shares of NYSE:COMP opened at $9.08 on Friday. The company’s 50 day moving average is $7.92 and its 200 day moving average is $6.81. The company has a market cap of $4.70 billion, a PE ratio of -29.27 and a beta of 2.88. Compass has a twelve month low of $3.03 and a twelve month high of $10.25.

Compass (NYSE:COMP) last announced 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 firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm posted ($0.09) EPS. Equities research analysts predict that Compass will post 0.09 earnings per share for the current fiscal year.

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.