UBS Group Has Lowered Expectations for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its price objective cut by UBS Group from $12.00 to $11.00 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently weighed in on COMP. Needham & Company LLC restated a “buy” rating and issued a $12.00 price target on shares of Compass in a research note on Friday, March 14th. The Goldman Sachs Group raised their target price on Compass from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Oppenheimer upped their price target on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Barclays increased their price target on shares of Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley boosted their price objective on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Compass currently has an average rating of “Moderate Buy” and a consensus target price of $9.75.

Compass Stock Up 0.6 %

Shares of NYSE:COMP opened at $7.53 on Friday. Compass has a fifty-two week low of $3.03 and a fifty-two week high of $10.25. The firm’s 50 day moving average price is $8.56 and its 200 day moving average price is $7.14. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -24.27 and a beta of 2.79.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating 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 net margin of 2.74% and a negative return on equity of 39.72%. During the same period in the prior year, the firm posted ($0.09) EPS. On average, equities analysts anticipate that Compass will post 0.09 EPS for the current year.

Insider Buying and Selling at Compass

In related 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 stock was sold at an average price of $9.15, for a total transaction of $91,500,000.00. Following the transaction, the insider now owns 48,070,273 shares of the company’s stock, valued at $439,842,997.95. This trade represents a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Pamela Thomas-Graham sold 35,683 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.00, for a total value of $321,147.00. Following the sale, the director now directly owns 93,990 shares of the company’s stock, valued at approximately $845,910. This represents a 27.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,072,762 shares of company stock worth $126,623,724. 6.25% of the stock is owned by insiders.

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.