Compass (NYSE:COMP) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Compass (NYSE:COMP) in a report published on Friday,Benzinga reports. The brokerage currently has a $12.00 price target on the stock.

COMP has been the subject of several other research reports. Barclays raised their price objective on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Oppenheimer raised their price objective on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley raised their price objective on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. UBS Group raised their price objective on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group raised their price objective on Compass from $8.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Compass presently has an average rating of “Moderate Buy” and a consensus target price of $9.61.

Compass Stock Up 0.1 %

COMP opened at $8.74 on Friday. Compass has a 12 month low of $2.89 and a 12 month high of $10.25. The company has a fifty day simple moving average of $7.65 and a 200 day simple moving average of $6.70. The stock has a market cap of $4.52 billion, a P/E ratio of -28.18 and a beta of 2.88.

Compass (NYSE:COMP) last released 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 during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned ($0.09) EPS. On average, equities research analysts expect that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Compass

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total value 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 approximately $367,584,828.09. This trade represents a 14.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert L. Reffkin sold 49,316 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total transaction of $291,457.56. Following the sale, the chief executive officer now owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. This trade represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,926,971 shares of company stock worth $103,472,099. 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.