Compass (NYSE:COMP) Price Target Raised to $13.00

Compass (NYSE:COMP) had its price objective hoisted by Oppenheimer from $12.00 to $13.00 in a report issued on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

COMP has been the topic of several other research reports. 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 report on Wednesday, December 11th. Needham & Company LLC raised their price objective on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group raised their price objective on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Compass presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.69.

Compass Stock Performance

COMP stock opened at $9.01 on Wednesday. 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 simple moving average of $6.80 and a 200 day simple moving average of $6.26. Compass has a 52 week low of $2.89 and a 52 week high of $10.25.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. During the same quarter last year, the firm earned ($0.09) earnings per share. Sell-side analysts predict that Compass will post 0.08 EPS for the current year.

Insider Buying and Selling

In other Compass news, CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total transaction of $18,920,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Robert L. Reffkin sold 49,316 shares of Compass stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total transaction of $291,457.56. Following the sale, the chief executive officer now owns 2,950,684 shares in the company, valued at $17,438,542.44. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,926,971 shares of company stock valued at $103,472,099. 6.25% of the stock is owned by company 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.