Compass (NYSE:COMP) Price Target Raised to $9.00 at The Goldman Sachs Group

Compass (NYSE:COMP) had its price objective hoisted by research analysts at The Goldman Sachs Group from $8.00 to $9.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 2.74% from the company’s previous close.

Other analysts have also recently issued reports about the company. Oppenheimer upped their target price on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Needham & Company LLC increased their price objective on Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays increased their price objective on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, UBS Group raised their price target on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $8.22.

Compass Trading Up 9.8 %

COMP stock opened at $8.76 on Wednesday. The business’s fifty day moving average price is $6.64 and its 200 day moving average price is $6.17. Compass has a 12-month low of $2.89 and a 12-month high of $8.75. The company has a market capitalization of $4.47 billion, a PE ratio of -21.91 and a beta of 2.95.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 49.45% and a negative net margin of 3.70%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the business earned ($0.09) EPS. Research analysts predict that Compass will post -0.33 EPS for the current fiscal year.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 804,893 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $5.91, for a total transaction of $4,756,917.63. Following the transaction, the chief executive officer now owns 2,145,791 shares in the company, valued at $12,681,624.81. The trade was a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total value of $63,300,000.00. Following the completion of the sale, the insider now directly owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This represents a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,728,326 shares of company stock worth $74,520,082 over the last quarter. 6.25% of the stock is currently owned by 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.