Compass (NYSE:COMP) Price Target Raised to $10.00

Compass (NYSE:COMP) had its price objective hoisted by The Goldman Sachs Group from $9.00 to $10.00 in a research note released on Friday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on COMP. Morgan Stanley lifted their price objective on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Barclays boosted their price objective on Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. UBS Group raised their target price on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Oppenheimer increased their price target on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Compass in a report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Compass presently has a consensus rating of “Moderate Buy” and an average target price of $9.75.

Compass Price Performance

Shares of Compass stock opened at $9.41 on Friday. The business has a 50-day simple moving average of $8.00 and a 200 day simple moving average of $6.84. Compass has a one year low of $3.03 and a one year high of $10.25. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of -30.34 and a beta of 2.88.

Compass (NYSE:COMP) last released its quarterly earnings data 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 firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted ($0.09) earnings per share. On average, sell-side analysts expect 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 dated Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total value of $18,920,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Scott R. Wahlers sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the sale, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at approximately $3,051,563.49. The trade was a 43.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,926,971 shares of company stock worth $40,172,099 in the last quarter. 6.25% of the stock is currently owned by company 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.