Compass (NYSE:COMP) Upgraded by Wall Street Zen to Buy Rating

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

Several other equities research analysts have also commented on the stock. BTIG Research boosted their price objective on shares of Compass from $12.50 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Odeon Capital Group started coverage on shares of Compass in a report on Wednesday, November 19th. They set a “buy” rating for the company. Wells Fargo & Company boosted their price target on Compass from $8.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday. UBS Group set a $10.00 price target on Compass in a research note on Tuesday. Finally, Barclays upgraded Compass from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $13.00 in a research note on Monday, December 8th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Compass has a consensus rating of “Moderate Buy” and an average target price of $11.67.

Compass Stock Up 1.0%

COMP opened at $12.29 on Thursday. Compass has a 52 week low of $5.66 and a 52 week high of $13.53. The stock has a market cap of $6.89 billion, a PE ratio of -111.70 and a beta of 2.53. The business has a 50 day moving average of $10.47 and a 200-day moving average of $8.82.

Compass (NYSE:COMP) last posted 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.79 billion. Equities analysts anticipate that Compass will post 0.09 EPS for the current year.

Insider Buying and Selling at Compass

In other Compass news, CFO Scott R. Wahlers sold 99,986 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total transaction of $1,202,831.58. Following the sale, the chief financial officer directly owned 250,073 shares of the company’s stock, valued at $3,008,378.19. This trade represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley K. Serwin sold 20,953 shares of Compass stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $230,483.00. Following the sale, the general counsel directly owned 258,712 shares in the company, valued at $2,845,832. This trade represents a 7.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 234,167 shares of company stock worth $2,651,216 over the last quarter. 4.08% of the stock is owned by company insiders.

About Compass

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.