Compass (NYSE:COMP) Price Target Raised to $9.00 at The Goldman Sachs Group

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

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

Compass Trading Up 27.5 %

COMP opened at $10.17 on Wednesday. Compass has a 1-year low of $2.89 and a 1-year high of $10.25. The company has a market cap of $5.19 billion, a P/E ratio of -25.43 and a beta of 2.95. The company has a fifty day moving average price of $6.70 and a two-hundred day moving average price of $6.20.

Compass (NYSE:COMP) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.38 billion. Compass had a negative net margin of 3.70% and a negative return on equity of 49.45%. During the same period in the previous year, the firm posted ($0.09) earnings per share. On average, research analysts forecast that Compass will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at Compass

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $367,584,828.09. This represents a 14.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the company’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 disclosure for this sale can be found here. Insiders have sold a total of 14,503,816 shares of company stock worth $99,574,208 over the last three months. 6.25% of the stock is currently 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.