Compass (NYSE:COMP) Price Target Raised to $9.00 at Barclays

Compass (NYSE:COMP) had its price target hoisted by Barclays from $7.00 to $9.00 in a research note released on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

COMP has been the subject of a number of other reports. The Goldman Sachs Group upped their price target on shares of Compass from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Needham & Company LLC increased their target price on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Oppenheimer increased their target price on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley increased their target price on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, 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 research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.94.

Compass Price Performance

COMP stock opened at $9.29 on Tuesday. Compass has a 52-week low of $2.89 and a 52-week high of $10.25. The company has a 50-day moving average of $6.90 and a two-hundred day moving average of $6.36. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of -29.97 and a beta of 2.95.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned ($0.09) earnings per share. Equities analysts expect that Compass will post 0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert L. Reffkin sold 2,000,000 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the sale, the insider now directly owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. The trade was a 14.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,926,971 shares of company stock worth $103,472,099 over the last quarter. Company insiders own 6.25% of the company’s stock.

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.