Compass, Inc. (NYSE:COMP) Receives $8.69 Consensus Target Price from Brokerages

Compass, Inc. (NYSE:COMP) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $9.61.

COMP has been the subject of several recent research reports. Barclays increased their price objective on shares of Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price target on shares of Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Needham & Company LLC upped their price objective on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley raised their target price on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Oppenheimer increased their price target on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th.

Compass Stock Performance

NYSE:COMP opened at $9.01 on Monday. The firm’s fifty day simple moving average is $7.09 and its 200 day simple moving average is $6.43. Compass has a twelve month low of $2.89 and a twelve month high of $10.25. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of -29.06 and a beta of 2.95.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates 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 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, analysts predict that Compass will post 0.09 earnings per share for the current year.

Insider Transactions at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’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 transaction, the insider now owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. This trade represents a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert L. Reffkin sold 49,316 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total value of $291,457.56. Following the transaction, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. This trade represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,926,971 shares of company stock worth $103,472,099. 6.25% of the stock is currently owned by corporate insiders.

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.