Compass (NYSE:COMP) Price Target Raised to $10.00

Compass (NYSE:COMP) had its target price boosted by The Goldman Sachs Group from $9.00 to $10.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Needham & Company LLC reiterated a “buy” rating and set a $12.00 target price on shares of Compass in a research report on Friday, March 14th. Morgan Stanley raised their price target on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Barclays upped their price objective on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. UBS Group raised their target price on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, Oppenheimer upped their price target on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $9.75.

Compass Trading Up 3.5 %

NYSE:COMP opened at $9.41 on Friday. The stock has a market capitalization of $4.87 billion, a P/E ratio of -30.34 and a beta of 2.88. Compass has a 1 year low of $3.03 and a 1 year high of $10.25. The firm has a 50 day moving average of $8.00 and a 200-day moving average of $6.86.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. The firm had revenue of $1.38 billion during 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 quarter in the previous year, the company posted ($0.09) EPS. As a group, analysts forecast that Compass will post 0.09 EPS for the current fiscal year.

Insider Transactions at Compass

In other news, CAO Scott R. Wahlers sold 250,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the completion of the sale, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at $3,051,563.49. This represents a 43.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pamela Thomas-Graham sold 35,683 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.00, for a total transaction of $321,147.00. Following the completion of the sale, the director now directly owns 93,990 shares in the company, valued at $845,910. This represents a 27.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,926,971 shares of company stock valued at $40,172,099 over the last 90 days. 6.25% of the stock is owned by company 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.