Compass’ (COMP) Outperform Rating Reiterated at Oppenheimer

Oppenheimer reissued their outperform rating on shares of Compass (NYSE:COMP) in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a $6.00 price objective on the stock.

Several other brokerages also recently weighed in on COMP. Gordon Haskett upgraded shares of Compass from an underperform rating to a hold rating and increased their target price for the stock from $3.00 to $3.75 in a research note on Tuesday. UBS Group lifted their target price on Compass from $3.50 to $4.00 and gave the company a neutral rating in a research note on Tuesday, May 14th. The Goldman Sachs Group boosted their target price on Compass from $3.50 to $4.00 and gave the company a buy rating in a report on Wednesday, February 28th. Needham & Company LLC reaffirmed a buy rating and set a $5.00 price target on shares of Compass in a report on Thursday, May 9th. Finally, Barclays boosted their price objective on shares of Compass from $2.50 to $4.00 and gave the company an equal weight rating in a research note on Tuesday, March 5th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $4.00.

Compass Stock Down 1.9 %

NYSE:COMP opened at $3.62 on Wednesday. Compass has a 52-week low of $1.82 and a 52-week high of $4.68. The stock’s 50 day moving average price is $3.70 and its 200 day moving average price is $3.57. The company has a market capitalization of $1.79 billion, a PE ratio of -5.84 and a beta of 2.91.

Compass (NYSE:COMP) last announced its earnings results on Wednesday, May 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). Compass had a negative return on equity of 71.71% and a negative net margin of 6.10%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. As a group, sell-side analysts anticipate that Compass will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $4.30, for a total transaction of $72,670,000.00. Following the sale, the insider now directly owns 75,570,273 shares in the company, valued at approximately $324,952,173.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.