Compass (NYSE:COMP) Price Target Raised to $8.50 at Morgan Stanley

Compass (NYSE:COMP) had its price objective hoisted by equities research analysts at Morgan Stanley from $6.00 to $8.50 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective suggests a potential downside of 14.01% from the company’s previous close.

Several other analysts have also weighed in on the stock. Oppenheimer lifted their target price on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Needham & Company LLC lifted their target price on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group lifted their target price on shares of Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays boosted their price target on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Finally, UBS Group boosted their price target on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.69.

Compass Stock Up 23.9 %

NYSE COMP traded up $1.91 during midday trading on Wednesday, hitting $9.89. The company had a trading volume of 16,216,755 shares, compared to its average volume of 5,843,040. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of -24.74 and a beta of 2.95. The firm has a fifty day simple moving average of $6.64 and a two-hundred day simple moving average of $6.17. Compass has a fifty-two week low of $2.89 and a fifty-two week high of $9.92.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative net margin of 3.70% and a negative return on equity of 49.45%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the business earned ($0.09) EPS. As a group, equities analysts predict that Compass will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total value of $63,300,000.00. Following the completion of the transaction, the insider now directly owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert L. Reffkin sold 49,316 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total transaction of $291,457.56. Following the completion of the transaction, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at approximately $17,438,542.44. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,728,326 shares of company stock valued at $74,520,082. Insiders own 6.25% of the company’s stock.

Compass Company Profile

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.