Needham & Company LLC Forecasts Strong Price Appreciation for Compass (NYSE:COMP) Stock

Compass (NYSE:COMP) had its price objective boosted by Needham & Company LLC from $6.00 to $8.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s target price indicates a potential upside of 28.82% from the company’s current price.

A number of other equities analysts also recently weighed in on the company. Oppenheimer boosted their target price on Compass from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group boosted 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. Barclays boosted their target price on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Finally, UBS Group boosted their target price on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. 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 MarketBeat, Compass has a consensus rating of “Hold” and a consensus target price of $5.00.

Compass Stock Performance

COMP stock opened at $6.21 on Thursday. The company has a market capitalization of $3.07 billion, a P/E ratio of -12.48 and a beta of 2.93. Compass has a 52-week low of $1.82 and a 52-week high of $6.78. The business has a 50-day simple moving average of $5.79 and a two-hundred day simple moving average of $4.56.

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

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $6.24, for a total value of $46,800,000.00. Following the transaction, the insider now owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Robert L. Reffkin sold 27,664 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the completion of the transaction, the chief executive officer now directly owns 393,486 shares in the company, valued at approximately $1,640,836.62. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’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 completion of the transaction, the insider now owns 68,070,273 shares of the company’s stock, valued at $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. Over the last quarter, insiders have sold 9,267,261 shares of company stock valued at $56,222,967. 6.25% of the stock is currently owned by company 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.