Compass (NYSE:COMP) Given New $9.00 Price Target at Wells Fargo & Company

Compass (NYSE:COMP) had its target price reduced by Wells Fargo & Company from $12.00 to $9.00 in a research report released on Monday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

COMP has been the subject of a number of other research reports. Wall Street Zen cut Compass from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Barclays boosted their price target on Compass from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. JPMorgan Chase & Co. initiated coverage on Compass in a research report on Monday, January 26th. They issued an “overweight” rating and a $15.00 price target for the company. Compass Point set a $15.00 price target on Compass in a research report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft raised Compass from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.33.

Compass Trading Down 3.6%

COMP opened at $6.82 on Monday. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of -68.14 and a beta of 2.62. Compass has a 1 year low of $5.66 and a 1 year high of $13.95. The stock has a fifty day moving average price of $9.63 and a 200 day moving average price of $9.67.

Compass (NYSE:COMP) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.69 billion. Compass had a negative net margin of 0.84% and a negative return on equity of 7.99%. As a group, sell-side analysts forecast that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In other Compass news, CFO Scott R. Wahlers sold 99,986 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 250,073 shares of the company’s stock, valued at $3,008,378.19. The trade was a 28.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.08% of the stock is 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.