Compass (NYSE:COMP) Raised to “Strong-Buy” at Benchmark

Compass (NYSE:COMP) was upgraded by equities researchers at Benchmark to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research firms have also issued reports on COMP. Barclays increased their target price on Compass from $13.00 to $15.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Wall Street Zen downgraded shares of Compass from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Deutsche Bank Aktiengesellschaft raised shares of Compass from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, January 20th. The Goldman Sachs Group initiated coverage on Compass in a research note on Tuesday, January 27th. They set a “neutral” rating and a $14.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on Compass in a report on Monday, January 26th. They set an “overweight” rating and a $15.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.67.

Compass Trading Down 4.0%

Shares of COMP opened at $7.61 on Wednesday. Compass has a 12 month low of $5.66 and a 12 month high of $13.95. The firm’s 50 day moving average is $10.49 and its 200-day moving average is $9.78. The stock has a market capitalization of $5.65 billion, a PE ratio of -76.04 and a beta of 2.57.

Compass (NYSE:COMP) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). Compass had a negative return on equity of 7.99% and a negative net margin of 0.84%.The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Equities research analysts predict that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Scott R. Wahlers sold 99,986 shares of the stock in a transaction 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.08% of the company’s stock.

Compass Company Profile

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.