Compass (NYSE:COMP) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Compass (NYSE:COMP) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Several other research analysts also recently commented on the company. UBS Group set a $10.00 target price on Compass in a report on Tuesday, January 13th. Barclays raised their price objective on Compass from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Zacks Research upgraded Compass from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass in a research report on Wednesday, January 21st. Finally, Compass Point set a $15.00 price target on shares of Compass in a report on Monday. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Compass Price Performance

NYSE:COMP opened at $13.03 on Tuesday. Compass has a one year low of $5.66 and a one year high of $13.95. The company has a market cap of $7.34 billion, a PE ratio of -118.49 and a beta of 2.53. The firm’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $9.31.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. Equities research analysts expect that Compass will post 0.09 EPS for the current year.

Insider Activity at Compass

In other Compass news, General Counsel Bradley K. Serwin sold 20,953 shares of the firm’s 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott R. Wahlers sold 99,986 shares of Compass stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $12.03, for a total transaction of $1,202,831.58. Following the completion of the sale, the chief financial officer directly owned 250,073 shares of the company’s stock, valued at approximately $3,008,378.19. The trade was a 28.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 234,167 shares of company stock valued at $2,651,216. Insiders own 4.08% of the company’s stock.

Compass Company Profile

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.