The Goldman Sachs Group Raises Compass (NYSE:COMP) Price Target to $12.00

Compass (NYSE:COMP) had its price target increased by equities researchers at The Goldman Sachs Group from $10.50 to $12.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential downside of 8.71% from the company’s current price.

COMP has been the subject of several other reports. BTIG Research reaffirmed a “buy” rating on shares of Compass in a research report on Wednesday, July 15th. Morgan Stanley boosted their price target on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Oppenheimer restated an “outperform” rating and issued a $18.00 price target (up from $15.00) on shares of Compass in a research note on Wednesday. Barclays lifted their price objective on shares of Compass from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Zacks Research raised Compass from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.21.

Compass Stock Performance

NYSE:COMP traded up $1.15 during trading hours on Wednesday, reaching $13.14. 18,266,530 shares of the stock were exchanged, compared to its average volume of 16,838,400. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The firm has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $9.73. Compass has a 52 week low of $6.37 and a 52 week high of $13.95. The stock has a market capitalization of $9.82 billion, a P/E ratio of 657.25 and a beta of 2.36.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. Compass had a return on equity of 1.11% and a net margin of 0.17%.The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.11 billion. As a group, sell-side analysts forecast that Compass will post 0.22 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert L. Reffkin sold 23,456 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total transaction of $293,434.56. Following the sale, the chief executive officer owned 7,781,204 shares in the company, valued at $97,342,862.04. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% 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.