Gordon Haskett Upgrades Compass (NYSE:COMP) to “Hold”

Compass (NYSE:COMP) was upgraded by equities research analysts at Gordon Haskett from an “underperform” rating to a “hold” rating in a research note issued on Tuesday, MarketBeat.com reports. The firm currently has a $3.75 price target on the stock, up from their previous price target of $3.00. Gordon Haskett’s price target points to a potential upside of 4.46% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price target on shares of Compass in a report on Thursday, May 9th. Oppenheimer restated an “outperform” rating and set a $6.00 price target (up previously from $5.50) on shares of Compass in a research report on Wednesday, February 28th. BTIG Research decreased their price objective on Compass from $4.50 to $4.30 and set a “buy” rating on the stock in a report on Thursday, February 29th. Barclays increased their price target on shares of Compass from $2.50 to $4.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. Finally, The Goldman Sachs Group upped their price target on shares of Compass from $3.50 to $4.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Compass presently has a consensus rating of “Hold” and an average price target of $4.00.

Compass Stock Performance

Shares of Compass stock opened at $3.59 on Tuesday. Compass has a 52 week low of $1.82 and a 52 week high of $4.68. The stock has a 50 day moving average price of $3.68 and a two-hundred day moving average price of $3.57. The stock has a market capitalization of $1.78 billion, a PE ratio of -5.79 and a beta of 2.91.

Compass (NYSE:COMP) last posted its earnings results on Wednesday, May 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Compass had a negative return on equity of 71.71% and a negative net margin of 6.10%. Research analysts forecast that Compass will post -0.37 EPS for the current year.

Insider Activity at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of Compass stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $4.30, for a total value of $72,670,000.00. Following the sale, the insider now directly owns 75,570,273 shares in the company, valued at approximately $324,952,173.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.25% 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.