The Goldman Sachs Group Forecasts Strong Price Appreciation for Compass (NYSE:COMP) Stock

Compass (NYSE:COMP) had its price target increased by investment analysts at The Goldman Sachs Group from $9.00 to $10.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 9.83% from the company’s previous close.

COMP has been the topic of several other research reports. Oppenheimer boosted their target price on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Needham & Company LLC reiterated a “buy” rating and issued a $12.00 price objective on shares of Compass in a research report on Friday, March 14th. UBS Group boosted their target price on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley increased their price target on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Finally, Barclays upped their target price on shares of Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Compass currently has an average rating of “Moderate Buy” and a consensus price target of $9.75.

Compass Price Performance

Shares of NYSE:COMP traded up $0.02 during trading on Friday, reaching $9.11. The company had a trading volume of 1,266,323 shares, compared to its average volume of 4,742,178. The stock’s fifty day moving average price is $7.92 and its 200 day moving average price is $6.81. Compass has a fifty-two week low of $3.03 and a fifty-two week high of $10.25. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of -29.43 and a beta of 2.88.

Compass (NYSE:COMP) last released its earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business earned ($0.09) EPS. On average, equities analysts anticipate that Compass will post 0.09 EPS for the current fiscal year.

Insider Activity at Compass

In related news, CEO Robert L. Reffkin sold 2,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total value of $18,920,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 804,893 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.91, for a total value of $4,756,917.63. Following the sale, the chief executive officer now owns 2,145,791 shares of the company’s stock, valued at approximately $12,681,624.81. The trade was a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,926,971 shares of company stock worth $40,172,099. 6.25% of the stock is currently owned by insiders.

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.