Compass (NYSE:COMP) Stock Price Target Lowered at JPMorgan Chase & Co.

Compass (NYSE:COMP) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from $15.00 to $13.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 44.28% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $15.00 price target on shares of Compass in a research report on Wednesday, August 5th. The Goldman Sachs Group lifted their target price on Compass from $10.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 5th. Wells Fargo & Company reduced their target price on Compass from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Barclays boosted their target price on Compass from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, BTIG Research restated a “buy” rating on shares of Compass in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.21.

Compass Stock Down 4.0%

NYSE COMP traded down $0.38 during trading hours on Friday, hitting $9.01. 17,661,057 shares of the company traded hands, compared to its average volume of 15,925,535. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day moving average is $9.98 and its 200-day moving average is $9.98. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 150.17 and a beta of 2.32. Compass has a twelve month low of $6.37 and a twelve month high of $13.95.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.11 billion. Compass had a return on equity of 3.62% and a net margin of 0.63%. Sell-side analysts anticipate that Compass will post 0.19 earnings per share for the current year.

Insider Activity

In other news, CEO Robert Reffkin sold 23,456 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $11.70, for a total transaction of $274,435.20. Following the completion of the sale, the chief executive officer owned 7,757,748 shares in the company, valued at $90,765,651.60. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Compass

A number of large investors have recently made changes to their positions in the company. Rakuten Investment Management Inc. acquired a new stake in Compass in the 3rd quarter worth about $993,000. Vise Technologies Inc. boosted its holdings in shares of Compass by 30.1% in the 3rd quarter. Vise Technologies Inc. now owns 61,487 shares of the company’s stock valued at $546,000 after purchasing an additional 14,239 shares in the last quarter. Brucke Financial Inc. bought a new position in Compass in the third quarter valued at about $114,000. Sterling Capital Management LLC grew its holdings in shares of Compass by 427.6% during the 3rd quarter. Sterling Capital Management LLC now owns 22,636 shares of the company’s stock valued at $201,000 after purchasing an additional 18,346 shares during the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of Compass during the 3rd quarter valued at $35,000. Institutional investors own 67.05% of the company’s stock.

Key Compass News

Here are the key news stories impacting Compass this week:

• Positive Sentiment: UBS lowered its price target to $15 from $17 but maintained a Buy rating, implying substantial potential upside from recent trading levels. UBS Group Issues Pessimistic Forecast for Compass Stock Price
• Positive Sentiment: Compass is raising production requirements for new agents by 30%, a move management describes as emphasizing quality over quantity. The strategy could improve agent productivity and service quality, although it may slow agent additions. Compass Raises Agent Standards 30 Percent
• Neutral Sentiment: Compass is expected to report quarterly results next week. Analysts anticipate earnings growth, but Zacks said the company lacks the usual combination of factors supporting a likely earnings beat, increasing the risk of a muted or disappointing report. Compass Earnings Expected to Grow
• Negative Sentiment: Multiple law firms announced or promoted securities class actions against Compass. The lawsuits allege that the company made false or misleading statements in merger-related offering documents and communications, including claims concerning the Anywhere transaction and antitrust review. The allegations have not been proven, but the litigation creates legal, financial and reputational risks. Lead-plaintiff deadlines fall in early December. Kaplan Fox Compass Investor Notice

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.