Compass (NYSE:COMP) Price Target Raised to $12.00 at Needham & Company LLC

Compass (NYSE:COMP) had its price target hoisted by Needham & Company LLC from $10.00 to $12.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms have also recently issued reports on COMP. UBS Group upgraded shares of Compass from a “neutral” rating to a “buy” rating and lifted their target price for the company from $7.00 to $11.00 in a research note on Tuesday, February 11th. Barclays upped their price target on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group raised their price objective on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Oppenheimer upped their target price on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Compass currently has a consensus rating of “Moderate Buy” and an average target price of $8.69.

Compass Stock Up 27.5 %

Shares of NYSE COMP opened at $10.17 on Wednesday. The stock’s fifty day simple moving average is $6.70 and its 200 day simple moving average is $6.20. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of -25.43 and a beta of 2.95. Compass has a 52-week low of $2.89 and a 52-week high of $10.25.

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

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction that occurred on 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 sale, the insider now owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This trade represents a 14.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 42,717 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $6.90, for a total value of $294,747.30. Following the completion of the transaction, the chief executive officer now owns 1,957,283 shares of the company’s stock, valued at $13,505,252.70. The trade was a 2.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,503,816 shares of company stock worth $99,574,208. 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.