The Goldman Sachs Group Issues Positive Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its target price raised by The Goldman Sachs Group from $8.00 to $9.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. UBS Group increased their target price on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer increased their price target on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Barclays increased their price target on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Finally, Needham & Company LLC increased their price target on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Compass presently has a consensus rating of “Moderate Buy” and an average target price of $8.69.

Compass Price Performance

Shares of NYSE:COMP opened at $10.17 on Wednesday. The company’s fifty day moving average price is $6.70 and its 200-day moving average price is $6.20. The firm has a market capitalization of $5.19 billion, a price-to-earnings ratio of -25.43 and a beta of 2.95. Compass has a one year low of $2.89 and a one year high of $10.25.

Compass (NYSE:COMP) last released its earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative net margin of 3.70% and a negative return on equity of 49.45%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned ($0.09) EPS. As a group, equities research analysts expect that Compass will post -0.33 EPS for the current year.

Insider Activity at Compass

In other 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 value of $63,300,000.00. Following the completion of the sale, the insider now directly owns 58,070,273 shares in the company, 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 legal filing with the SEC, which is available through this link. Also, CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The disclosure for this sale can be found here. Insiders sold a total of 14,503,816 shares of company stock valued at $99,574,208 in the last three months. Company 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.