Barclays Issues Positive Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its price objective upped by equities research analysts at Barclays from $7.00 to $9.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential downside of 4.96% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley increased their price objective on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. UBS Group increased 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. Oppenheimer increased their price objective on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group increased their price objective on shares of Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC increased their price objective on shares of Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $8.94.

Compass Stock Performance

COMP stock opened at $9.47 on Tuesday. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of -30.55 and a beta of 2.95. The firm has a 50-day simple moving average of $6.97 and a two-hundred day simple moving average of $6.38. Compass has a one year low of $2.89 and a one year high of $10.25.

Compass (NYSE:COMP) last announced 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 firm had revenue of $1.38 billion during the quarter, compared to analyst estimates 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 period last year, the firm posted ($0.09) EPS. As a group, equities analysts predict that Compass will post 0.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert L. Reffkin sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total transaction of $18,920,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Bradley K. Serwin sold 137,472 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.16, for a total transaction of $1,259,243.52. Following the sale, the general counsel now directly owns 221,595 shares in the company, valued at $2,029,810.20. The trade was a 38.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,926,971 shares of company stock valued at $103,472,099. 6.25% of the stock is owned by 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.