Morgan Stanley Lowers Compass (NYSE:COMP) Price Target to $8.00

Compass (NYSE:COMP) had its price objective lowered by Morgan Stanley from $8.50 to $8.00 in a research note released on Friday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Needham & Company LLC reduced their price objective on Compass from $12.00 to $11.00 and set a “buy” rating for the company in a report on Friday. UBS Group dropped their price target on Compass from $12.00 to $11.00 and set a “buy” rating for the company in a report on Friday, April 11th. Oppenheimer boosted 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. The Goldman Sachs Group upped their price objective on Compass from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company assumed coverage on Compass in a report on Monday, April 28th. They set a “positive” rating and a $8.00 target price for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Compass has an average rating of “Moderate Buy” and an average target price of $9.09.

Compass Price Performance

COMP stock opened at $6.25 on Friday. The company has a fifty day moving average price of $8.17 and a two-hundred day moving average price of $7.36. Compass has a one year low of $3.34 and a one year high of $10.25. 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 posted its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company posted ($0.09) EPS. Research analysts anticipate that Compass will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Scott R. Wahlers sold 250,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 329,187 shares in the company, valued at $3,051,563.49. This represents a 43.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 directly owns 48,070,273 shares in the company, valued at $439,842,997.95. This trade represents a 17.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,423,155 shares of company stock valued at $122,225,645 over the last quarter. 4.08% of the stock is owned by company 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.