Compass (NYSE:COMP) Given New $8.00 Price Target at Needham & Company LLC

Compass (NYSE:COMP) had its price objective increased by Needham & Company LLC from $6.00 to $8.00 in a research note published on Thursday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other research firms also recently issued reports on COMP. Oppenheimer lifted their price target on shares of Compass from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Barclays boosted their target price on shares of Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. UBS Group boosted their target price on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.11.

Compass Price Performance

Shares of COMP opened at $6.35 on Thursday. Compass has a 1-year low of $1.82 and a 1-year high of $6.78. The firm has a 50 day simple moving average of $5.82 and a 200-day simple moving average of $4.57.

Compass (NYSE:COMP) last released its earnings results on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Compass had a negative net margin of 3.70% and a negative return on equity of 50.79%. During the same period in the previous year, the company earned ($0.10) EPS. Equities analysts forecast that Compass will post -0.38 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert L. Reffkin sold 814,302 shares of Compass stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.91, for a total transaction of $3,998,222.82. Following the sale, the chief executive officer now directly owns 944,302 shares in the company, valued at approximately $4,636,522.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Compass news, CEO Robert L. Reffkin sold 27,664 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the completion of the transaction, the chief executive officer now directly owns 393,486 shares of the company’s stock, valued at approximately $1,640,836.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert L. Reffkin sold 814,302 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $4.91, for a total transaction of $3,998,222.82. Following the completion of the transaction, the chief executive officer now directly owns 944,302 shares of the company’s stock, valued at approximately $4,636,522.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,267,261 shares of company stock worth $56,222,967 in the last ninety days. 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.