Oppenheimer Increases Compass (NYSE:COMP) Price Target to $13.00

Compass (NYSE:COMP) had its target price upped by Oppenheimer from $12.00 to $13.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the stock. Morgan Stanley boosted their target price on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group boosted their target price on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. The Goldman Sachs Group boosted their target price on shares of Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday. Needham & Company LLC boosted their target price on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Barclays lifted their price target on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $8.69.

Compass Price Performance

COMP opened at $9.01 on Wednesday. Compass has a fifty-two week low of $2.89 and a fifty-two week high of $10.25. The firm’s fifty day moving average price is $6.80 and its two-hundred day moving average price is $6.26. The company has a market capitalization of $4.60 billion, a P/E ratio of -29.05 and a beta of 2.95.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. The company 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. On average, equities research analysts expect that Compass will post 0.08 EPS for the current fiscal year.

Insider Activity at Compass

In other Compass news, CAO Scott R. Wahlers sold 250,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the completion of the sale, the chief accounting officer now directly owns 329,187 shares of the company’s stock, valued at approximately $3,051,563.49. The trade was a 43.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total value of $18,920,000.00. The disclosure for this sale can be found here. Insiders sold 14,926,971 shares of company stock valued at $103,472,099 over the last ninety days. 6.25% of the stock is 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.