Compass (NYSE:COMP) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Compass (NYSE:COMP) in a research report sent to investors on Monday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $15.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Compass Point set a $15.00 price objective on Compass in a research note on Monday. Wells Fargo & Company lifted their target price on Compass from $8.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. UBS Group set a $10.00 price target on Compass in a report on Tuesday, January 13th. Zacks Research upgraded shares of Compass from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $11.00 target price on shares of Compass in a research note on Tuesday, November 4th. Nine 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. According to MarketBeat, Compass presently has a consensus rating of “Moderate Buy” and an average price target of $12.73.

Compass Stock Performance

Shares of NYSE COMP opened at $13.56 on Monday. The company’s 50 day moving average price is $11.10 and its 200-day moving average price is $9.22. Compass has a 52-week low of $5.66 and a 52-week high of $13.96.

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

Insider Buying and Selling at Compass

In other Compass news, General Counsel Bradley K. Serwin sold 20,953 shares of Compass stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total transaction of $230,483.00. Following the transaction, the general counsel directly owned 258,712 shares of the company’s stock, valued at $2,845,832. The trade was a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Scott R. Wahlers sold 99,986 shares of the stock in a transaction dated 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 owned 250,073 shares of the company’s stock, valued at approximately $3,008,378.19. This represents a 28.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 234,167 shares of company stock worth $2,651,216. Company 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.