Compass (NYSE:COMP) Raised to Hold at Wells Fargo & Company

Compass (NYSE:COMP) was upgraded by equities research analysts at Wells Fargo & Company to a “hold” rating in a research note issued on Monday, Marketbeat Ratings reports. The brokerage currently has a $8.00 price target on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 5.08% from the company’s current price.

Other equities research analysts have also issued reports about the company. Morgan Stanley boosted their target price on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Needham & Company LLC restated a “buy” rating and set a $12.00 price objective on shares of Compass in a report on Friday, March 14th. Oppenheimer raised their target price on shares of Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Barclays boosted their price target on shares of Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group upped their price target on shares of Compass from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Compass currently has an average rating of “Moderate Buy” and a consensus price target of $9.53.

Compass Stock Performance

Shares of COMP stock opened at $7.61 on Monday. Compass has a 1 year low of $3.03 and a 1 year high of $10.25. The business’s fifty day moving average is $8.41 and its 200-day moving average is $7.25. The stock has a market cap of $3.94 billion, a PE ratio of -24.56 and a beta of 2.79.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business earned ($0.09) earnings per share. Equities research analysts predict that Compass will post 0.09 earnings per share for the current year.

Insider Buying and Selling at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction dated 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. This represents a 17.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Scott R. Wahlers sold 250,000 shares of Compass stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total value of $2,317,500.00. Following the sale, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at approximately $3,051,563.49. This represents a 43.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,423,155 shares of company stock worth $122,225,645. 4.08% of the stock is currently 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.