Compass (NYSE:COMP) Price Target Raised to $4.50 at The Goldman Sachs Group

Compass (NYSE:COMP) had its price target raised by The Goldman Sachs Group from $4.00 to $4.50 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 3.21% from the company’s previous close.

Several other equities analysts also recently issued reports on COMP. UBS Group upped their target price on Compass from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Tuesday, May 14th. 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. Barclays upped their price target on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday. Oppenheimer reaffirmed an “outperform” rating and issued a $6.00 price target on shares of Compass in a report on Wednesday, June 26th. Finally, Gordon Haskett raised shares of Compass from an “underperform” rating to a “hold” rating and upped their price target 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.17.

Compass Trading Down 0.7 %

Shares of COMP stock traded down $0.03 during trading hours on Thursday, reaching $4.36. 4,768,901 shares of the company’s stock were exchanged, compared to its average volume of 4,402,686. The stock’s 50 day moving average is $3.89 and its 200-day moving average is $3.69. The company has a market cap of $2.16 billion, a price-to-earnings ratio of -7.03 and a beta of 2.88. Compass has a fifty-two week low of $1.82 and a fifty-two week high of $4.89.

Compass (NYSE:COMP) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Compass had a negative return on equity of 71.71% and a negative net margin of 6.10%. Equities analysts anticipate that Compass will post -0.38 EPS for the current year.

Insider Activity at Compass

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 75,570,273 shares of the company’s stock, valued at approximately $324,952,173.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.25% of the stock is currently owned by corporate 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.