Compass (NYSE:COMP) Price Target Raised to $11.00

Compass (NYSE:COMP) had its price objective increased by The Goldman Sachs Group from $10.00 to $11.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued reports about the stock. Oppenheimer lifted their price objective on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 target price on shares of Compass in a research note on Friday, March 14th. UBS Group raised their price objective on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Barclays boosted their target price on shares of Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley boosted their price target on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $9.89.

Compass Trading Down 2.2 %

Shares of COMP opened at $9.14 on Thursday. Compass has a 12 month low of $3.03 and a 12 month high of $10.25. The firm’s 50 day moving average is $8.32 and its 200-day moving average is $6.98. The stock has a market capitalization of $4.69 billion, a PE ratio of -29.47 and a beta of 2.88.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. During the same quarter last year, the company earned ($0.09) EPS. Equities research analysts predict that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In other Compass news, CEO Robert L. Reffkin sold 2,000,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $91,500,000.00. Following the completion of the sale, the insider now owns 48,070,273 shares of the company’s stock, valued at approximately $439,842,997.95. The trade was a 17.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,926,971 shares of company stock valued at $131,672,099 in the last quarter. 6.25% of the stock is currently owned by corporate insiders.

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.