Compass (NYSE:COMP) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

Compass (NYSE:COMP) had its target price boosted by Needham & Company LLC from $6.00 to $8.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other analysts have also recently issued reports on the stock. Barclays upped their price objective on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. UBS Group upped their price objective on shares of Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group upped their price objective on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Oppenheimer increased their price target on shares of Compass from $6.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.17.

Compass Trading Up 0.9 %

Shares of NYSE COMP opened at $6.41 on Thursday. Compass has a 12-month low of $1.88 and a 12-month high of $6.78. The stock has a market cap of $3.17 billion, a PE ratio of -16.03 and a beta of 2.91. The company has a 50-day moving average of $5.85 and a 200 day moving average of $4.60.

Compass (NYSE:COMP) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. Compass had a negative net margin of 3.70% and a negative return on equity of 50.79%. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the company earned ($0.10) EPS. On average, sell-side analysts forecast that Compass will post -0.38 EPS for the current fiscal year.

Insider Transactions at Compass

In other news, CEO Robert L. Reffkin sold 164,514 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $4.90, for a total value of $806,118.60. Following the transaction, the chief executive officer now directly owns 835,486 shares in the company, valued at approximately $4,093,881.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Robert L. Reffkin sold 27,664 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the transaction, the chief executive officer now directly owns 393,486 shares in the company, valued at approximately $1,640,836.62. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert L. Reffkin sold 164,514 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $4.90, for a total transaction of $806,118.60. Following the sale, the chief executive officer now owns 835,486 shares in the company, valued at approximately $4,093,881.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,267,261 shares of company stock worth $56,222,967. 6.25% of the stock is currently owned by insiders.

Compass Company Profile

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.