Analysts Set Compass, Inc. (NYSE:COMP) Target Price at $9.61

Compass, Inc. (NYSE:COMP) has earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9.89.

Several equities analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $12.00 price objective on shares of Compass in a research note on Friday, March 14th. UBS Group increased their price target on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Morgan Stanley lifted their price objective on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Barclays raised their price target on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Finally, Oppenheimer upped their price objective on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th.

Compass Price Performance

Shares of NYSE:COMP opened at $9.36 on Friday. Compass has a 12 month low of $3.03 and a 12 month high of $10.25. The firm has a market capitalization of $4.80 billion, a P/E ratio of -30.18 and a beta of 2.88. The company’s fifty day moving average price is $8.27 and its 200 day moving average price is $6.95.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. During the same period in the prior year, the company earned ($0.09) earnings per share. On average, sell-side analysts anticipate that Compass will post 0.09 EPS for the current year.

Insider Buying and Selling at Compass

In other Compass news, CAO Scott R. Wahlers sold 250,000 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the sale, the chief accounting officer now owns 329,187 shares in the company, valued at approximately $3,051,563.49. This represents a 43.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $9.15, for a total value of $91,500,000.00. Following the transaction, the insider now directly owns 48,070,273 shares of the company’s stock, valued at $439,842,997.95. The trade was a 17.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,926,971 shares of company stock valued at $131,672,099. 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.