Needham & Company LLC Raises Compass (NYSE:COMP) Price Target to $8.00

Compass (NYSE:COMP) had its price target increased by analysts at Needham & Company LLC from $6.00 to $8.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 28.82% from the company’s current price.

Other research analysts also recently issued reports about the stock. Oppenheimer lifted their target price on shares of Compass from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Barclays lifted their target price on shares of Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. UBS Group boosted their price objective on shares of Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.00.

Compass Stock Performance

Shares of COMP stock opened at $6.21 on Thursday. The company has a market capitalization of $3.07 billion, a P/E ratio of -12.48 and a beta of 2.93. Compass has a fifty-two week low of $1.82 and a fifty-two week high of $6.78. The stock has a 50 day moving average price of $5.79 and a two-hundred day moving average price of $4.56.

Compass (NYSE:COMP) last issued its earnings results on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm earned ($0.10) earnings per share. As a group, equities analysts predict that Compass will post -0.38 earnings per share for the current year.

Insider Activity

In related news, CEO Robert L. Reffkin sold 27,664 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the transaction, the chief executive officer now owns 393,486 shares in the company, valued at $1,640,836.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Robert L. Reffkin sold 27,664 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the transaction, the chief executive officer now owns 393,486 shares in the company, valued at $1,640,836.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the transaction, the insider now owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,267,261 shares of company stock worth $56,222,967. Corporate 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.