Compass (NYSE:COMP) PT Raised to $8.00

Compass (NYSE:COMP) had its target price lifted by Oppenheimer from $6.00 to $8.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

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

Compass Price Performance

Shares of NYSE COMP opened at $6.27 on Tuesday. Compass has a 1-year low of $1.82 and a 1-year high of $6.78. The business’s 50 day moving average is $5.16 and its two-hundred day moving average is $4.19. The stock has a market capitalization of $3.10 billion, a P/E ratio of -10.11 and a beta of 2.91.

Compass (NYSE:COMP) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates 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 prior year, the firm posted ($0.10) EPS. As a group, equities research analysts anticipate that Compass will post -0.39 earnings per share for the current fiscal year.

Insider Activity

In other Compass news, CEO Robert L. Reffkin sold 27,664 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $4.17, for a total transaction of $115,358.88. Following the transaction, the chief executive officer now directly owns 393,486 shares in the company, valued at approximately $1,640,836.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Compass news, CEO Robert L. Reffkin sold 164,514 shares of Compass stock in a transaction dated 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 in the company, valued at $4,093,881.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert L. Reffkin sold 27,664 shares of the business’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $4.17, for a total transaction of $115,358.88. Following the completion of the transaction, the chief executive officer now owns 393,486 shares of the company’s stock, valued at $1,640,836.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,267,261 shares of company stock worth $56,222,967. Company insiders own 6.25% of the company’s stock.

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.