Compass (NYSE:COMP) Given New $8.50 Price Target at Morgan Stanley

Compass (NYSE:COMP) had its price objective boosted by Morgan Stanley from $6.00 to $8.50 in a research report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also issued reports on COMP. The Goldman Sachs Group lifted their target price on shares of Compass from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday. Barclays lifted their target price on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Oppenheimer boosted their price objective on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Needham & Company LLC boosted their price objective on shares of Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group boosted 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. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Compass presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.69.

Compass Stock Performance

Compass stock opened at $10.17 on Wednesday. The stock’s 50 day simple moving average is $6.70 and its two-hundred day simple moving average is $6.20. Compass has a fifty-two week low of $2.89 and a fifty-two week high of $10.25. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of -25.43 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 the consensus estimate of ($0.10) by $0.02. Compass had a negative net margin of 3.70% and a negative return on equity of 49.45%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business earned ($0.09) earnings per share. On average, analysts predict that Compass will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total value of $18,920,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert L. Reffkin sold 775,490 shares of Compass stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $7.91, for a total transaction of $6,134,125.90. Following the completion of the sale, the chief executive officer now directly owns 363,646 shares of the company’s stock, valued at approximately $2,876,439.86. This trade represents a 68.08 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,503,816 shares of company stock valued at $99,574,208. Company insiders own 6.25% of the company’s stock.

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.