Barclays Increases Compass (NYSE:COMP) Price Target to $9.00

Compass (NYSE:COMP) had its price target raised by equities researchers at Barclays from $7.00 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential downside of 1.15% from the stock’s current price.

COMP has been the subject of several other reports. Oppenheimer raised their price objective on shares of Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. The Goldman Sachs Group increased their price target on shares of Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley boosted their price objective on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. UBS Group upped their price target on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC increased their target price on shares of Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $8.94.

Compass Price Performance

NYSE:COMP opened at $9.11 on Tuesday. The business’s 50-day moving average is $6.85 and its two-hundred day moving average is $6.32. The firm has a market capitalization of $4.65 billion, a PE ratio of -29.37 and a beta of 2.95. Compass has a 12 month low of $2.89 and a 12 month high of $10.25.

Compass (NYSE:COMP) last announced its earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the business posted ($0.09) EPS. Equities analysts anticipate that Compass will post 0.09 EPS for the current year.

Insider Buying and Selling at Compass

In other Compass news, CEO Robert L. Reffkin sold 2,000,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Bradley K. Serwin sold 137,472 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.16, for a total value of $1,259,243.52. Following the transaction, the general counsel now directly owns 221,595 shares in the company, valued at $2,029,810.20. This trade represents a 38.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,926,971 shares of company stock valued at $103,472,099 in the last ninety days. Company 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.