Morgan Stanley Forecasts Strong Price Appreciation for Compass (NYSE:COMP) Stock

Compass (NYSE:COMP) had its target price lifted by Morgan Stanley from $6.00 to $8.50 in a research report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

COMP has been the subject of a number of other research reports. The Goldman Sachs Group increased their price target on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer increased their price objective on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Barclays increased their price objective on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Needham & Company LLC increased their price objective on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group increased their price objective on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.69.

Compass Stock Performance

Shares of Compass stock opened at $10.17 on Wednesday. Compass has a fifty-two week low of $2.89 and a fifty-two week high of $10.25. The company has a market capitalization of $5.19 billion, a P/E ratio of -25.43 and a beta of 2.95. The company has a fifty day moving average of $6.70 and a 200 day moving average of $6.20.

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 analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative return on equity of 49.45% and a negative net margin of 3.70%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted ($0.09) EPS. Analysts forecast that Compass will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 42,717 shares of the firm’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $6.90, for a total value of $294,747.30. Following the completion of the sale, the chief executive officer now owns 1,957,283 shares of the company’s stock, valued at $13,505,252.70. This trade represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the completion of the sale, the insider now directly owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. The trade was a 14.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,503,816 shares of company stock valued at $99,574,208 over the last 90 days. 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.