Compass (NYSE:COMP) PT Raised to $6.50

Compass (NYSE:COMP) had its price objective boosted by analysts at UBS Group from $4.40 to $6.50 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price suggests a potential upside of 12.85% from the company’s current price.

COMP has been the subject of several other research reports. Needham & Company LLC raised their target price on shares of Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and raised their price objective for the company from $3.00 to $3.75 in a research report on Tuesday, June 25th. Oppenheimer lifted their price objective on Compass from $6.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. The Goldman Sachs Group increased their target price on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays lifted their price target on Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.78.

Compass Stock Up 2.1 %

COMP traded up $0.12 on Tuesday, hitting $5.76. 240,498 shares of the company traded hands, compared to its average volume of 4,556,690. Compass has a 12-month low of $1.82 and a 12-month high of $6.78. The company has a 50 day moving average of $5.66 and a 200-day moving average of $4.48. The stock has a market capitalization of $2.85 billion, a PE ratio of -9.29 and a beta of 2.93.

Compass (NYSE:COMP) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business earned ($0.10) earnings per share. On average, research analysts anticipate that Compass will post -0.38 EPS for the current year.

Insider Activity at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’s 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 sale, the insider now directly owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Compass news, CEO Robert L. Reffkin sold 164,514 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $4.90, for a total transaction of $806,118.60. Following the completion of the transaction, the chief executive officer now owns 835,486 shares of the company’s stock, valued at approximately $4,093,881.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.24, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,267,261 shares of company stock valued at $56,222,967 in the last ninety days. Corporate 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.