Needham & Company LLC Forecasts Strong Price Appreciation for Compass (NYSE:COMP) Stock

Compass (NYSE:COMP) had its price target raised by Needham & Company LLC from $10.00 to $12.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 50.66% from the company’s current price.

COMP has been the subject of a number of other reports. The Goldman Sachs Group raised their price target on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer raised their price objective on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. UBS Group raised shares of Compass from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $11.00 in a research report on Tuesday, February 11th. Finally, Barclays raised their price target 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Compass presently has an average rating of “Moderate Buy” and a consensus price target of $7.94.

Compass Price Performance

Shares of COMP opened at $7.97 on Wednesday. The business’s 50-day moving average is $6.64 and its 200-day moving average is $6.17. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -19.91 and a beta of 2.95. Compass has a fifty-two week low of $2.89 and a fifty-two week high of $8.00.

Compass (NYSE:COMP) last released its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share 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%. During the same period last year, the firm posted ($0.09) EPS. Equities research analysts expect that Compass will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In related news, CEO Robert L. Reffkin sold 804,893 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.91, for a total transaction of $4,756,917.63. Following the completion of the transaction, the chief executive officer now owns 2,145,791 shares of the company’s stock, valued at approximately $12,681,624.81. The trade was a 27.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total value of $63,300,000.00. Following the sale, the insider now owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. The trade was a 14.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,728,326 shares of company stock worth $74,520,082 over the last 90 days. 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.