Compass (NYSE:COMP) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Compass (NYSE:COMP) had its target price increased by stock analysts at The Goldman Sachs Group from $10.00 to $11.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 20.42% from the stock’s current price.

A number of other research firms have also commented on COMP. Barclays lifted their target price on shares of Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Oppenheimer lifted their price objective on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley increased their target price on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and set a $12.00 target price on shares of Compass in a report on Friday, March 14th. Finally, UBS Group upped their price target on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.89.

Compass Stock Down 2.2 %

COMP stock opened at $9.14 on Thursday. Compass has a twelve month low of $3.03 and a twelve month high of $10.25. The company has a market cap of $4.69 billion, a P/E ratio of -29.47 and a beta of 2.88. The business has a fifty day moving average of $8.32 and a 200-day moving average of $6.98.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) EPS 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 firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period last year, the company earned ($0.09) earnings per share. As a group, equities research analysts anticipate that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Compass

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $9.15, for a total value of $91,500,000.00. Following the completion of the transaction, the insider now directly owns 48,070,273 shares of the company’s stock, valued at approximately $439,842,997.95. This represents a 17.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Scott R. Wahlers sold 250,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total value of $2,317,500.00. Following the transaction, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at approximately $3,051,563.49. This trade represents a 43.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,926,971 shares of company stock valued at $131,672,099 over the last 90 days. 6.25% of the stock is owned by company insiders.

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.