Wells Fargo & Company Forecasts Strong Price Appreciation for Compass (NYSE:COMP) Stock

Compass (NYSE:COMP) had its price target increased by stock analysts at Wells Fargo & Company from $7.00 to $8.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective points to a potential downside of 6.10% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective on shares of Compass in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. BTIG Research increased their price target on Compass from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 27th. Barclays boosted their price objective on Compass from $8.00 to $9.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, Zacks Research cut shares of Compass from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.00.

Compass Trading Down 3.1%

NYSE:COMP opened at $8.52 on Wednesday. The company has a 50-day moving average of $8.23 and a 200-day moving average of $7.45. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of -77.45 and a beta of 2.56. Compass has a twelve month low of $5.10 and a twelve month high of $10.25.

Compass (NYSE:COMP) last released its earnings results on Tuesday, November 4th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. Compass had a negative net margin of 0.85% and a negative return on equity of 9.53%. Compass has set its Q4 2025 guidance at EPS. On average, research analysts forecast that Compass will post 0.09 earnings per share for the current year.

Insider Activity

In related news, General Counsel Bradley K. Serwin sold 13,065 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $9.50, for a total transaction of $124,117.50. Following the completion of the sale, the general counsel directly owned 252,221 shares in the company, valued at approximately $2,396,099.50. This trade represents a 4.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.08% of the stock is owned by company 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.