Compass (NYSE:COMP) Rating Increased to Buy at Wall Street Zen

Compass (NYSE:COMP) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

A number of other equities research analysts have also commented on COMP. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Compass in a research note on Tuesday, November 4th. UBS Group upped their price target on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Barclays upgraded Compass from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $9.00 to $13.00 in a report on Monday, December 8th. BTIG Research boosted their price objective on Compass from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Tuesday, November 25th. Finally, Compass Point set a $13.00 target price on Compass in a research note on Monday, December 8th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.06.

Compass Trading Down 0.2%

NYSE COMP opened at $10.74 on Friday. The firm has a market capitalization of $6.03 billion, a PE ratio of -97.64 and a beta of 2.53. The business’s 50-day moving average price is $8.88 and its two-hundred day moving average price is $8.03. Compass has a 12 month low of $5.10 and a 12 month high of $11.03.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%.The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. As a group, analysts forecast that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Activity

In other Compass news, CFO Scott R. Wahlers sold 49,900 shares of Compass stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total transaction of $548,900.00. Following the completion of the transaction, the chief financial officer owned 363,725 shares in the company, valued at approximately $4,000,975. The trade was a 12.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $230,483.00. Following the completion of the sale, the general counsel directly owned 258,712 shares of the company’s stock, valued at approximately $2,845,832. This trade represents a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 107,581 shares of company stock valued at $1,155,784. 4.08% of the stock is currently owned by insiders.

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.