Oppenheimer Boosts Compass (NYSE:COMP) Price Target to $8.00

Compass (NYSE:COMP) had its target price boosted by Oppenheimer from $6.00 to $8.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other analysts have also weighed in on COMP. Gordon Haskett upgraded Compass from an underperform rating to a hold rating and increased their price target for the company from $3.00 to $3.75 in a report on Tuesday, June 25th. Needham & Company LLC increased their target price on Compass from $5.00 to $6.00 and gave the stock a buy rating in a research note on Thursday, August 1st. The Goldman Sachs Group increased their target price on Compass from $4.00 to $4.50 and gave the stock a buy rating in a research note on Thursday, August 1st. Finally, Barclays increased their target price on Compass from $4.00 to $5.00 and gave the stock an equal weight rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $4.50.

Compass Stock Performance

NYSE:COMP opened at $6.21 on Tuesday. The stock’s fifty day moving average is $5.13 and its 200 day moving average is $4.17. Compass has a fifty-two week low of $1.82 and a fifty-two week high of $6.78. The firm has a market capitalization of $3.07 billion, a PE ratio of -10.02 and a beta of 2.91.

Compass (NYSE:COMP) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the firm posted ($0.10) EPS. Equities analysts forecast that Compass will post -0.39 EPS for the current year.

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the transaction, the insider now owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the sale, the insider now owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert L. Reffkin sold 814,302 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.91, for a total value 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,267,261 shares of company stock valued at $56,222,967. 6.25% of the stock is currently owned by corporate 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.