Compass (NYSE:COMP) Price Target Raised to $8.00

Compass (NYSE:COMP) had its price target upped by equities researchers at Oppenheimer from $6.00 to $8.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target would indicate a potential upside of 29.03% from the stock’s previous close.

A number of other research firms also recently commented on COMP. Barclays increased their price objective on Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and increased their price target for the company from $3.00 to $3.75 in a research note on Tuesday, June 25th. The Goldman Sachs Group boosted their price objective on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Needham & Company LLC increased their target price on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.50.

Compass Trading Up 0.2 %

Shares of NYSE:COMP opened at $6.20 on Tuesday. Compass has a 52 week low of $1.82 and a 52 week high of $6.78. The company’s 50 day moving average is $5.03 and its two-hundred day moving average is $4.12. The company has a market cap of $3.07 billion, a PE ratio of -10.00 and a beta of 2.91.

Compass (NYSE:COMP) last issued its earnings results on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. As a group, equities research analysts expect that Compass will post -0.39 EPS for the current year.

Insider Activity

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass stock in a transaction on Friday, September 13th. The shares were sold at an average price of $6.24, for a total value of $46,800,000.00. Following the transaction, the insider now directly owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Robert L. Reffkin sold 27,664 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $4.17, for a total value of $115,358.88. Following the transaction, the chief executive officer now owns 393,486 shares in the company, valued at approximately $1,640,836.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the sale, the insider now directly owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,267,261 shares of company stock valued at $56,222,967. 6.25% of the stock is currently owned by company 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.