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

Compass (NYSE:COMP) had its target price lifted by Needham & Company LLC from $10.00 to $12.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC’s price target points to a potential upside of 22.98% from the company’s current price.

Several other equities analysts also recently weighed in on COMP. Barclays increased their target price on 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 increased their target price on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Oppenheimer increased 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. Finally, UBS Group upgraded Compass from a “neutral” rating to a “buy” rating and increased their target price for the stock from $7.00 to $11.00 in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.69.

Compass Stock Down 4.7 %

Shares of NYSE:COMP opened at $9.76 on Wednesday. Compass has a 52-week low of $2.89 and a 52-week high of $10.25. The stock’s fifty day simple moving average is $6.76 and its 200-day simple moving average is $6.23. The company has a market capitalization of $4.98 billion, a P/E ratio of -31.48 and a beta of 2.95.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business earned ($0.09) earnings per share. On average, sell-side analysts anticipate that Compass will post 0.07 earnings per share for the current year.

Insiders Place Their Bets

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’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 completion of the sale, the insider now directly owns 58,070,273 shares in the company, valued at $367,584,828.09. This represents a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 804,893 shares of the company’s stock in a transaction dated 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 $12,681,624.81. This represents a 27.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,503,816 shares of company stock worth $99,574,208 over the last three months. 6.25% of the stock is 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.