Compass (NYSE:COMP) Price Target Raised to $8.50

Compass (NYSE:COMP) had its price target raised by Morgan Stanley from $6.00 to $8.50 in a report released on Wednesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other analysts have also issued reports on COMP. UBS Group lifted their price target on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group lifted their price target on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer lifted their price target on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Needham & Company LLC boosted their price objective on Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays boosted their price objective on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $8.69.

Compass Trading Down 7.9 %

Shares of COMP opened at $9.01 on Wednesday. Compass has a 12 month low of $2.89 and a 12 month high of $10.25. The stock’s 50 day moving average is $6.80 and its two-hundred day moving average is $6.26. The firm has a market cap of $4.60 billion, a P/E ratio of -29.05 and a beta of 2.95.

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

Insider Activity at Compass

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 sale, the insider now owns 58,070,273 shares in the company, valued at $367,584,828.09. This represents a 14.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Bradley K. Serwin sold 137,472 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.16, for a total value of $1,259,243.52. Following the sale, the general counsel now owns 221,595 shares in the company, valued at approximately $2,029,810.20. This trade represents a 38.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,926,971 shares of company stock worth $103,472,099. 6.25% of the stock is currently owned by company 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.