Compass (NYSE:COMP) Price Target Raised to $8.50 at Morgan Stanley

Compass (NYSE:COMP) had its price objective lifted by Morgan Stanley from $6.00 to $8.50 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential downside of 14.01% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. UBS Group upped 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. The Goldman Sachs Group upped their target price on shares of Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC upped 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. Barclays upped their price target on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Finally, Oppenheimer upped their price target on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $8.69.

Compass Trading Up 23.9 %

Shares of COMP traded up $1.91 on Wednesday, reaching $9.89. 16,216,755 shares of the company’s stock were exchanged, compared to its average volume of 5,843,040. The stock has a market capitalization of $5.04 billion, a P/E ratio of -24.74 and a beta of 2.95. The business has a 50 day moving average price of $6.64 and a two-hundred day moving average price of $6.17. Compass has a 12 month low of $2.89 and a 12 month high of $9.92.

Compass (NYSE:COMP) last issued 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 firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. Equities research analysts predict that Compass will post -0.33 EPS for the current year.

Insider Buying and Selling

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were 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. This represents a 14.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 49,316 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total transaction of $291,457.56. Following the transaction, the chief executive officer now directly owns 2,950,684 shares in the company, valued at approximately $17,438,542.44. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,728,326 shares of company stock worth $74,520,082. 6.25% of the stock is owned by 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.