Compass (NYSE:COMP) Given New $10.00 Price Target at The Goldman Sachs Group

Compass (NYSE:COMP) had its target price hoisted by research analysts at The Goldman Sachs Group from $9.00 to $10.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target suggests a potential upside of 9.83% from the company’s current price.

Several other research firms have also commented on COMP. Needham & Company LLC restated a “buy” rating and set a $12.00 price target on shares of Compass in a research report on Friday, March 14th. Morgan Stanley upped their target price 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. Oppenheimer lifted their price target on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Barclays increased their price objective on Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Finally, UBS Group boosted their price target on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $9.75.

Compass Stock Up 0.2 %

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

Compass (NYSE:COMP) last issued its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. During the same quarter last year, the company posted ($0.09) earnings per share. Equities analysts expect that Compass will post 0.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Scott R. Wahlers sold 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were 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 in the company, valued at approximately $3,051,563.49. This trade represents a 43.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Bradley K. Serwin sold 137,472 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.16, for a total value of $1,259,243.52. Following the completion of the transaction, the general counsel now owns 221,595 shares in the company, valued at $2,029,810.20. This represents a 38.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,926,971 shares of company stock worth $40,172,099 over the last ninety days. Company 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.