Compass (NYSE:COMP) Coverage Initiated by Analysts at Benchmark

Benchmark initiated coverage on shares of Compass (NYSE:COMP) in a research note published on Thursday morning, MarketBeat.com reports. The firm issued a buy rating and a $14.00 target price on the stock.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass in a report on Wednesday, January 21st. UBS Group restated a “buy” rating and set a $17.00 target price on shares of Compass in a report on Monday, February 9th. JPMorgan Chase & Co. initiated coverage on Compass in a research note on Monday, January 26th. They issued an “overweight” rating and a $15.00 price target for the company. Barclays lifted their price target on shares of Compass from $13.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Compass from $8.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Nine research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Compass currently has an average rating of “Moderate Buy” and a consensus price target of $13.67.

Compass Trading Down 4.0%

Shares of NYSE:COMP opened at $7.61 on Thursday. The company has a market cap of $5.65 billion, a price-to-earnings ratio of -76.04 and a beta of 2.57. The company has a 50-day moving average price of $10.49 and a 200-day moving average price of $9.78. Compass has a 12 month low of $5.66 and a 12 month high of $13.95.

Compass (NYSE:COMP) last posted its earnings results on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). Compass had a negative return on equity of 7.99% and a negative net margin of 0.84%.The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. As a group, research analysts forecast that Compass will post 0.09 EPS for the current fiscal year.

Insider Activity at Compass

In related news, CFO Scott R. Wahlers sold 99,986 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total value of $1,202,831.58. Following the sale, the chief financial officer owned 250,073 shares in the company, valued at $3,008,378.19. This represents a 28.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 4.08% of the stock is currently owned by corporate 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.