UBS Group Lowers Compass (NYSE:COMP) Price Target to $11.00

Compass (NYSE:COMP) had its price target reduced by equities research analysts at UBS Group from $12.00 to $11.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 54.23% from the stock’s previous close.

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

Compass Stock Down 4.7 %

Shares of COMP traded down $0.35 during mid-day trading on Friday, reaching $7.13. 1,298,607 shares of the stock traded hands, compared to its average volume of 5,033,969. Compass has a 12-month low of $3.03 and a 12-month high of $10.25. The firm has a market cap of $3.69 billion, a price-to-earnings ratio of -23.07 and a beta of 2.79. The stock has a fifty day simple moving average of $8.56 and a 200 day simple moving average of $7.12.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. During the same quarter last year, the firm earned ($0.09) EPS. On average, equities research analysts expect that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In other news, CAO Scott R. Wahlers sold 250,000 shares of the company’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 completion of the transaction, the chief accounting officer now directly owns 329,187 shares in the company, valued at $3,051,563.49. The trade was a 43.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 141,061 shares of the firm’s stock in a transaction on 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. The trade was a 6.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,072,762 shares of company stock valued at $126,623,724 in the last quarter. 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.