Compass (NYSE:COMP) Price Target Raised to $8.00 at Oppenheimer

Compass (NYSE:COMP) had its price target raised by equities research analysts at Oppenheimer from $6.00 to $8.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target suggests a potential upside of 30.29% from the stock’s current price.

COMP has been the subject of a number of other research reports. The Goldman Sachs Group raised their price objective on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC raised their price target on Compass from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays upped their price objective on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Finally, Gordon Haskett raised Compass from an “underperform” rating to a “hold” rating and raised their target price for the company from $3.00 to $3.75 in a report on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.50.

Compass Price Performance

Compass stock opened at $6.14 on Tuesday. The business has a 50 day simple moving average of $5.09 and a 200-day simple moving average of $4.15. Compass has a 12 month low of $1.82 and a 12 month high of $6.78. The stock has a market capitalization of $3.04 billion, a PE ratio of -9.90 and a beta of 2.91.

Compass (NYSE:COMP) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned ($0.10) EPS. As a group, equities research analysts anticipate that Compass will post -0.39 EPS for the current year.

Insider Buying and Selling at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the transaction, the insider now owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the transaction, the insider now directly owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert L. Reffkin sold 164,514 shares of Compass stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $4.90, for a total value of $806,118.60. Following the transaction, the chief executive officer now owns 835,486 shares of the company’s stock, valued at $4,093,881.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,267,261 shares of company stock valued at $56,222,967. Insiders own 6.25% of the company’s stock.

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.