Compass (NYSE:COMP) Upgraded at Benchmark

Benchmark upgraded shares of Compass (NYSE:COMP) to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other brokerages have also recently commented on COMP. BTIG Research lifted their target price on shares of Compass from $12.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. The Goldman Sachs Group assumed coverage on shares of Compass in a research report on Tuesday, January 27th. They set a “neutral” rating and a $14.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass in a research note on Wednesday, January 21st. Wall Street Zen downgraded Compass from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Compass Point set a $15.00 target price on Compass in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Compass currently has an average rating of “Moderate Buy” and an average price target of $13.67.

Compass Price Performance

Shares of COMP opened at $7.09 on Wednesday. Compass has a 1 year low of $5.66 and a 1 year high of $13.95. The stock has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $9.76. The firm has a market cap of $5.26 billion, a P/E ratio of -70.84 and a beta of 2.57.

Compass (NYSE:COMP) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.07) 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 for the quarter, compared to analysts’ expectations of $1.69 billion. On average, equities analysts anticipate that Compass will post 0.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 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. The trade was a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.08% of the stock is currently owned by company insiders.

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.