Compass, Inc. (NYSE:COMP) Receives $12.63 Average Price Target from Brokerages

Compass, Inc. (NYSE:COMP) has earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.6250.

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Morgan Stanley raised their price target on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Wells Fargo & Company dropped their price target on shares of Compass from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, UBS Group lowered their price objective on shares of Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th.

Compass Stock Up 0.2%

COMP opened at $10.04 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50-day moving average is $8.16 and its 200 day moving average is $9.57. Compass has a fifty-two week low of $5.93 and a fifty-two week high of $13.95. The firm has a market capitalization of $7.50 billion, a P/E ratio of 501.75 and a beta of 2.43.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.20. Compass had a net margin of 0.17% and a return on equity of 1.11%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Research analysts expect that Compass will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of Compass stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $7.69, for a total value of $180,376.64. Following the sale, the chief executive officer owned 7,804,660 shares of the company’s stock, valued at approximately $60,017,835.40. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.85% 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.