Needham & Company LLC Raises Compass (NYSE:COMP) Price Target to $12.00

Compass (NYSE:COMP) had its price target lifted by Needham & Company LLC from $10.00 to $12.00 in a research note released on Wednesday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other analysts have also weighed in on COMP. The Goldman Sachs Group raised their price objective on shares of Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. UBS Group upgraded shares of Compass from a “neutral” rating to a “buy” rating and raised their price objective for the company from $7.00 to $11.00 in a research note on Tuesday, February 11th. Oppenheimer raised their price objective on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Barclays raised their price objective on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.69.

Compass Price Performance

Shares of NYSE COMP opened at $9.01 on Wednesday. Compass has a 1 year low of $2.89 and a 1 year high of $10.25. The stock has a market cap of $4.60 billion, a P/E ratio of -29.05 and a beta of 2.95. The firm has a 50-day moving average of $6.80 and a 200 day moving average of $6.26.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the company posted ($0.09) EPS. Research analysts expect that Compass will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the transaction, the insider now owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott R. Wahlers sold 250,000 shares of Compass stock in a transaction that occurred 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 transaction, 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 disclosure for this sale can be found here. Insiders have sold 14,926,971 shares of company stock valued at $103,472,099 over the last 90 days. 6.25% of the stock is currently owned by corporate 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.