Compass (NYSE:COMP) Raised to Hold at Gordon Haskett

Compass (NYSE:COMP) was upgraded by Gordon Haskett from an “underperform” rating to a “hold” rating in a note issued to investors on Tuesday, Briefing.com reports. The firm presently has a $3.75 target price on the stock, up from their previous target price of $3.00. Gordon Haskett’s price objective indicates a potential upside of 8.07% from the company’s current price.

Other research analysts have also issued research reports about the stock. UBS Group lifted their price objective on shares of Compass from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Barclays lifted their price objective on shares of Compass from $2.50 to $4.00 and gave the company an “equal weight” rating in a report on Tuesday, March 5th. The Goldman Sachs Group lifted their price objective on shares of Compass from $3.50 to $4.00 and gave the company a “buy” rating in a report on Wednesday, February 28th. BTIG Research lowered their target price on shares of Compass from $4.50 to $4.30 and set a “buy” rating on the stock in a report on Thursday, February 29th. Finally, Oppenheimer restated an “outperform” rating and set a $6.00 target price (up from $5.50) on shares of Compass in a report on Wednesday, February 28th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.00.

Compass Stock Down 2.3 %

Shares of NYSE COMP opened at $3.47 on Tuesday. Compass has a 1 year low of $1.82 and a 1 year high of $4.68. The firm’s 50-day moving average is $3.68 and its 200-day moving average is $3.56.

Compass (NYSE:COMP) last issued its earnings results on Wednesday, May 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Compass had a negative net margin of 6.10% and a negative return on equity of 71.71%. As a group, analysts predict that Compass will post -0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of Compass stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $4.30, for a total transaction of $72,670,000.00. Following the completion of the transaction, the insider now directly owns 75,570,273 shares of the company’s stock, valued at $324,952,173.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.25% of the company’s stock.

Compass Company Profile

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.