Compass (NYSE:COMP) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Compass (NYSE:COMP) in a research report released on Friday morning,Benzinga reports. Needham & Company LLC currently has a $12.00 target price on the stock.

COMP has been the subject of a number of other research reports. UBS Group boosted their price target on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Oppenheimer boosted their price target on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Barclays boosted their price target on Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Morgan Stanley boosted their price objective on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group boosted their price objective on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $9.61.

Compass Trading Up 0.1 %

COMP opened at $8.74 on Friday. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of -28.18 and a beta of 2.88. Compass has a 1 year low of $2.89 and a 1 year high of $10.25. The stock has a fifty day moving average price of $7.65 and a 200 day moving average price of $6.70.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. As a group, sell-side analysts forecast that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Compass

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the transaction, the insider now directly owns 58,070,273 shares in the company, valued at $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert L. Reffkin sold 49,316 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total value of $291,457.56. Following the transaction, the chief executive officer now owns 2,950,684 shares in the company, valued at $17,438,542.44. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,926,971 shares of company stock worth $103,472,099 over the last three months. Company insiders own 6.25% of the company’s stock.

About Compass

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.