Compass (NYSE:COMP) Given New $11.00 Price Target at The Goldman Sachs Group

Compass (NYSE:COMP) had its price target upped by The Goldman Sachs Group from $10.00 to $11.00 in a research report report published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

COMP has been the subject of a number of other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price objective on shares of Compass in a report on Friday, March 14th. Oppenheimer raised their target price on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley boosted their price target on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. UBS Group raised their price objective on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, Barclays boosted their target price on Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.89.

Compass Price Performance

Shares of NYSE COMP opened at $9.36 on Thursday. The stock has a market cap of $4.80 billion, a PE ratio of -30.18 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 fifty day moving average price of $8.27 and a 200-day moving average price of $6.95.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned ($0.09) earnings per share. On average, research analysts expect that Compass will post 0.09 EPS for the current year.

Insider Activity at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $9.15, for a total value of $91,500,000.00. Following the completion of the sale, the insider now owns 48,070,273 shares in the company, valued at approximately $439,842,997.95. This trade represents a 17.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 49,316 shares of Compass stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total transaction of $291,457.56. Following the transaction, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at approximately $17,438,542.44. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,926,971 shares of company stock valued at $131,672,099. Insiders own 6.25% of the company’s stock.

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.