Compass (NYSE:COMP) Price Target Cut to $11.00 by Analysts at UBS Group

Compass (NYSE:COMP) had its price objective trimmed by UBS Group from $12.00 to $11.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently issued reports on COMP. Morgan Stanley increased their price objective on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Oppenheimer raised their target price on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Barclays lifted their price objective on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 target price on shares of Compass in a research note on Friday, March 14th. Finally, The Goldman Sachs Group raised their price objective on Compass from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.75.

Compass Price Performance

NYSE:COMP opened at $7.53 on Friday. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -24.27 and a beta of 2.79. The business has a 50 day moving average of $8.56 and a 200 day moving average of $7.13. Compass has a 1-year low of $3.03 and a 1-year high of $10.25.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the business earned ($0.09) EPS. As a group, sell-side analysts anticipate that Compass will post 0.09 EPS for the current year.

Insider Buying and Selling at Compass

In related news, CEO Robert L. Reffkin sold 141,061 shares of Compass stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $6.27, for a total transaction of $884,452.47. Following the completion of the sale, the chief executive officer now owns 2,000,000 shares in the company, valued at approximately $12,540,000. This trade represents a 6.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pamela Thomas-Graham sold 35,683 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.00, for a total value of $321,147.00. Following the transaction, the director now owns 93,990 shares in the company, valued at $845,910. This trade represents a 27.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,072,762 shares of company stock worth $126,623,724. 6.25% of the stock is currently owned by 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.