Compass (NYSE:COMP) Given New $12.00 Price Target at UBS Group

Compass (NYSE:COMP) had its price target hoisted by equities researchers at UBS Group from $11.00 to $12.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 50.66% from the company’s previous close.

COMP has been the topic of several other reports. Needham & Company LLC boosted their price objective on Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays upped their price target on shares of Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group boosted their target price on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer lifted their target price on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Compass presently has an average rating of “Moderate Buy” and an average target price of $8.08.

Compass Price Performance

Shares of COMP stock opened at $7.97 on Wednesday. The company has a market cap of $4.06 billion, a price-to-earnings ratio of -19.91 and a beta of 2.95. Compass has a 1 year low of $2.89 and a 1 year high of $8.00. The firm has a fifty day moving average price of $6.64 and a 200-day moving average price of $6.17.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. Compass had a negative net margin of 3.70% and a negative return on equity of 49.45%. During the same period last year, the firm earned ($0.09) EPS. Equities research analysts expect that Compass will post -0.33 EPS for the current year.

Insider Activity at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the transaction, the insider now owns 58,070,273 shares in the company, valued at $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 42,717 shares of the business’s stock in a transaction on Friday, January 17th. The stock was sold at an average price of $6.90, for a total transaction of $294,747.30. Following the completion of the transaction, the chief executive officer now owns 1,957,283 shares in the company, valued at $13,505,252.70. This represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,728,326 shares of company stock worth $74,520,082 over the last 90 days. Company insiders own 6.25% of the company’s stock.

About Compass

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.