Compass (NYSE:COMP) Given Buy Rating at Needham & Company LLC

Compass (NYSE:COMP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They presently have a $12.00 price target on the stock. Needham & Company LLC’s target price suggests a potential upside of 37.38% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. The Goldman Sachs Group boosted their target price on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley boosted their price objective on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research note 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 research note on Tuesday, February 25th. Oppenheimer boosted their price objective on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Finally, UBS Group boosted their price objective on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Compass currently has a consensus rating of “Moderate Buy” and an average target price of $9.61.

Compass Trading Up 0.1 %

NYSE:COMP opened at $8.74 on Friday. The company has a market capitalization of $4.52 billion, a P/E ratio of -28.18 and a beta of 2.88. Compass has a 12 month low of $2.90 and a 12 month high of $10.25. The business’s 50-day moving average is $7.65 and its 200 day moving average is $6.71.

Compass (NYSE:COMP) last posted its earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned ($0.09) earnings per share. On average, research analysts forecast that Compass will post 0.09 earnings per share for the current year.

Insider Activity

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 transaction, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at approximately $3,051,563.49. This represents a 43.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total value of $18,920,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,926,971 shares of company stock valued at $103,472,099. 6.25% of the stock is currently owned by insiders.

Compass Company Profile

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.