Analysts Set Compass, Inc. (NYSE:COMP) Target Price at $8.69

Shares of Compass, Inc. (NYSE:COMP) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $8.94.

A number of research analysts have issued reports on the company. Oppenheimer upped their price objective on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Needham & Company LLC upped their price objective on Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. UBS Group upped their price objective on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Barclays upped their price objective on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, The Goldman Sachs Group upped their price target on Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th.

Compass Trading Up 2.4 %

Shares of Compass stock opened at $9.47 on Monday. The stock has a fifty day simple moving average of $6.97 and a 200 day simple moving average of $6.38. Compass has a 12-month low of $2.89 and a 12-month high of $10.25. The company has a market capitalization of $4.83 billion, a P/E ratio of -30.55 and a beta of 2.95.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company posted ($0.09) earnings per share. On average, analysts predict that Compass will post 0.09 EPS for the current year.

Insider Buying and Selling

In related news, Director Pamela Thomas-Graham sold 35,683 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.00, for a total transaction of $321,147.00. Following the sale, the director now owns 93,990 shares of the company’s stock, valued at approximately $845,910. This represents a 27.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total value of $18,920,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,926,971 shares of company stock valued at $103,472,099. Corporate insiders own 6.25% 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.