Compass (NYSE:COMP) Upgraded by Gordon Haskett to “Hold”

Gordon Haskett upgraded shares of Compass (NYSE:COMP) from an underperform rating to a hold rating in a research note issued to investors on Tuesday, Marketbeat reports. The brokerage currently has $3.75 price target on the stock, up from their previous price target of $3.00.

A number of other research analysts have also recently issued reports on the stock. Oppenheimer reaffirmed an outperform rating and issued a $6.00 price target (up previously from $5.50) on shares of Compass in a report on Wednesday, February 28th. BTIG Research lowered their price target on Compass from $4.50 to $4.30 and set a buy rating for the company in a research report on Thursday, February 29th. UBS Group raised their price objective on Compass from $3.50 to $4.00 and gave the stock a neutral rating in a research note on Tuesday, May 14th. Barclays upped their target price on Compass from $2.50 to $4.00 and gave the company an equal weight rating in a research report on Tuesday, March 5th. Finally, Needham & Company LLC reissued a buy rating and set a $5.00 price target on shares of Compass in a research report on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $4.00.

Compass Stock Up 1.9 %

Shares of COMP stock opened at $3.55 on Tuesday. Compass has a 12-month low of $1.82 and a 12-month high of $4.68. The business’s fifty day simple moving average is $3.68 and its 200-day simple moving average is $3.56.

Compass (NYSE:COMP) last announced 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 for the quarter, compared to analyst estimates 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, research analysts forecast that Compass will post -0.37 earnings per share for the current year.

Insider Buying and Selling

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