JPMorgan Chase & Co. Begins Coverage on Compass (NYSE:COMP)

JPMorgan Chase & Co. assumed coverage on shares of Compass (NYSE:COMP) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set an “overweight” rating and a $15.00 price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 12.49% from the stock’s previous close.

A number of other research firms have also recently commented on COMP. BTIG Research boosted their target price on shares of Compass from $12.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. UBS Group set a $10.00 price target on shares of Compass in a research note on Tuesday, January 13th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price objective on shares of Compass in a research report on Tuesday, November 4th. Wall Street Zen downgraded Compass from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Compass Point set a $15.00 target price on Compass in a research report on Monday. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compass currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.73.

Compass Stock Up 0.4%

Shares of NYSE COMP opened at $13.34 on Monday. Compass has a 1-year low of $5.66 and a 1-year high of $13.53. The business has a 50-day moving average of $11.01 and a 200-day moving average of $9.17.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%. Analysts anticipate that Compass will post 0.09 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $230,483.00. Following the completion of the sale, the general counsel directly owned 258,712 shares of the company’s stock, valued at $2,845,832. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott R. Wahlers sold 99,986 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total value of $1,202,831.58. Following the transaction, the chief financial officer directly owned 250,073 shares in the company, valued at approximately $3,008,378.19. This represents a 28.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 234,167 shares of company stock valued at $2,651,216. 4.08% of the stock is owned by corporate insiders.

About Compass

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.