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

Compass (NYSE:COMP) had its price target boosted by investment analysts at The Goldman Sachs Group from $10.00 to $11.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would suggest a potential upside of 18.47% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. UBS Group raised their price objective on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley increased their price objective on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. 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 note on Tuesday, February 25th. Needham & Company LLC reissued a “buy” rating and issued a $12.00 price target on shares of Compass in a research note on Friday, March 14th. Finally, Oppenheimer upped their price objective on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Compass presently has an average rating of “Moderate Buy” and an average target price of $9.89.

Compass Trading Down 1.1 %

NYSE:COMP traded down $0.11 during mid-day trading on Thursday, hitting $9.29. 3,521,688 shares of the company’s stock traded hands, compared to its average volume of 4,773,879. The firm has a 50 day moving average of $8.22 and a two-hundred day moving average of $6.94. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of -29.95 and a beta of 2.88. Compass has a 12 month low of $3.03 and a 12 month high of $10.25.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates 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 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) earnings per share. As a group, equities research analysts expect that Compass will post 0.09 earnings per share for the current year.

Insider Buying and Selling at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $9.15, for a total value of $91,500,000.00. Following the completion of the sale, the insider now directly owns 48,070,273 shares of the company’s stock, valued at $439,842,997.95. This trade represents a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Scott R. Wahlers sold 250,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total value of $2,317,500.00. Following the completion of the sale, the chief accounting officer now owns 329,187 shares in the company, valued at approximately $3,051,563.49. The trade was a 43.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,926,971 shares of company stock worth $131,672,099. 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.