Compass (NYSE:COMP) Earns Outperform Rating from Oppenheimer

Oppenheimer restated their outperform rating on shares of Compass (NYSE:COMP) in a research report sent to investors on Friday morning,Benzinga reports. Oppenheimer currently has a $12.00 price objective on the stock, down from their prior price objective of $13.00.

Several other brokerages have also weighed in on COMP. Barclays lowered their price objective on Compass from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Friday. Morgan Stanley decreased their price target on Compass from $8.50 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday. The Goldman Sachs Group raised their price objective on Compass from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Needham & Company LLC reduced their price objective on shares of Compass from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Friday. Finally, UBS Group decreased their target price on shares of Compass from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.09.

Compass Trading Down 19.1%

Shares of COMP stock opened at $6.25 on Friday. Compass has a twelve month low of $3.34 and a twelve month high of $10.25. The company’s 50-day moving average price is $8.17 and its 200-day moving average price is $7.36. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of -20.16 and a beta of 2.80.

Compass (NYSE:COMP) last issued 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 net margin of 2.74% and a negative return on equity of 39.72%. During the same period in the previous year, the firm earned ($0.09) earnings per share. As a group, equities research analysts predict that Compass will post 0.09 EPS for the current year.

Insider Transactions at Compass

In related news, CEO Robert L. Reffkin sold 224,510 shares of Compass stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $7.90, for a total value of $1,773,629.00. Following the completion of the transaction, the chief executive officer now owns 1,139,136 shares in the company, valued at approximately $8,999,174.40. The trade was a 16.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 48,070,273 shares in the company, valued at approximately $439,842,997.95. The trade was a 17.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,423,155 shares of company stock worth $122,225,645 over the last ninety days. Company insiders own 4.08% 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.