Compass (NYSE:COMP) Price Target Raised to $12.00 at UBS Group

Compass (NYSE:COMP) had its price target raised by UBS Group from $11.00 to $12.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

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

Compass Stock Performance

Shares of NYSE:COMP opened at $10.17 on Wednesday. The company has a fifty day moving average of $6.70 and a 200-day moving average of $6.20. The company has a market capitalization of $5.19 billion, a PE ratio of -25.43 and a beta of 2.95. Compass has a 52-week low of $2.89 and a 52-week high of $10.25.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, topping 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 company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. On average, equities analysts forecast that Compass will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the transaction, the insider now owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. This represents a 14.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,503,816 shares of company stock valued at $99,574,208. 6.25% of the stock is currently owned by insiders.

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.