Compass, Inc. (NYSE:COMP) Receives $8.96 Average PT from Analysts

Compass, Inc. (NYSE:COMPGet Rating) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $8.96.

COMP has been the topic of several recent analyst reports. Oppenheimer cut their price target on shares of Compass from $9.00 to $8.00 and set an “outperform” rating on the stock in a report on Wednesday, June 15th. Barclays decreased their price target on shares of Compass from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 16th. Compass Point assumed coverage on Compass in a research report on Tuesday, June 21st. They set a “buy” rating and a $8.00 price objective on the stock. The Goldman Sachs Group decreased their target price on Compass from $8.50 to $7.50 and set a “buy” rating for the company in a research report on Tuesday, August 16th. Finally, Morgan Stanley dropped their price target on Compass from $5.00 to $4.20 and set an “equal weight” rating on the stock in a research report on Tuesday, August 16th.

Insider Activity at Compass

In other news, insider Danielle J. Wilkie sold 33,622 shares of Compass stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $4.03, for a total value of $135,496.66. Following the completion of the transaction, the insider now owns 302 shares of the company’s stock, valued at approximately $1,217.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Compass news, CTO Joseph Sirosh sold 78,702 shares of the stock in a transaction on Friday, August 19th. The stock was sold at an average price of $3.66, for a total transaction of $288,049.32. Following the sale, the chief technology officer now directly owns 328,555 shares in the company, valued at approximately $1,202,511.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Danielle J. Wilkie sold 33,622 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $4.03, for a total value of $135,496.66. Following the completion of the transaction, the insider now owns 302 shares of the company’s stock, valued at approximately $1,217.06. The disclosure for this sale can be found here. Insiders sold a total of 184,205 shares of company stock valued at $713,226 in the last 90 days. Corporate insiders own 17.70% of the company’s stock.

Compass Trading Up 8.1 %

COMP stock opened at $3.20 on Thursday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.34 and a beta of 2.22. The firm’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $5.20. Compass has a 12-month low of $2.61 and a 12-month high of $15.15.

Compass (NYSE:COMPGet Rating) last announced its quarterly earnings results on Monday, August 15th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.07). Compass had a negative net margin of 8.32% and a negative return on equity of 63.84%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.11 billion. During the same quarter in the prior year, the firm earned ($0.02) EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts predict that Compass will post -1.24 EPS for the current year.

About Compass

(Get Rating)

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, as well as brokerage and adjacent services in the real estate industry.

Further Reading

Analyst Recommendations for Compass (NYSE:COMP)

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