Compass (NYSE:COMP) Stock Price Expected to Rise, Barclays Analyst Says

Compass (NYSE:COMP) had its price target raised by stock analysts at Barclays from $7.00 to $9.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 4.96% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the stock. UBS Group lifted their price objective on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Needham & Company LLC lifted their price objective on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Oppenheimer lifted their price objective on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group boosted their price target on shares of Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley boosted their price target on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Compass has a consensus rating of “Moderate Buy” and a consensus target price of $8.94.

Compass Trading Up 2.4 %

NYSE COMP opened at $9.47 on Tuesday. Compass has a 12 month low of $2.89 and a 12 month high of $10.25. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of -30.55 and a beta of 2.95. The company’s 50 day moving average is $6.97 and its two-hundred day moving average is $6.38.

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

Insider Transactions at Compass

In other Compass news, CAO Scott R. Wahlers sold 250,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the transaction, the chief accounting officer now directly owns 329,187 shares in the company, valued at $3,051,563.49. This represents a 43.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,926,971 shares of company stock worth $103,472,099. 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.