Compass (NYSE:COMP) Rating Increased to Hold at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Compass (NYSE:COMP) to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other research firms also recently weighed in on COMP. UBS Group decreased their price objective on Compass from $12.00 to $11.00 and set a “buy” rating for the company in a report on Friday, April 11th. Oppenheimer increased their price objective on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley increased their price objective on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and issued a $12.00 price objective on shares of Compass in a report on Friday, March 14th. Finally, Barclays increased their price objective on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.53.

Compass Stock Up 0.4 %

Shares of Compass stock opened at $7.40 on Monday. The firm has a market capitalization of $3.83 billion, a P/E ratio of -23.87 and a beta of 2.79. Compass has a 52 week low of $3.03 and a 52 week high of $10.25. The firm’s 50 day moving average is $8.45 and its two-hundred day moving average is $7.24.

Compass (NYSE:COMP) last announced its quarterly 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. The company 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 period in the prior year, the firm posted ($0.09) earnings per share. As a group, research analysts expect that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $9.15, for a total value of $91,500,000.00. Following the completion of the sale, the insider now owns 48,070,273 shares of the company’s stock, valued at approximately $439,842,997.95. This trade represents a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total value of $18,920,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,423,155 shares of company stock valued at $122,225,645. 4.08% of the stock is owned by company insiders.

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.