Compass (NYSE:COMP) Stock Rating Reaffirmed by Oppenheimer

Compass (NYSE:COMP)‘s stock had its “outperform” rating reissued by investment analysts at Oppenheimer in a research note issued on Wednesday, Benzinga reports. They currently have a $6.00 price target on the stock. Oppenheimer’s price objective points to a potential upside of 62.82% from the stock’s previous close.

COMP has been the topic of several other research reports. Barclays raised their target price on shares of Compass from $2.50 to $4.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 5th. UBS Group boosted their target price on shares of Compass from $3.50 to $4.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of Compass in a research note on Thursday, May 9th. The Goldman Sachs Group lifted their price target on shares of Compass from $3.50 to $4.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Finally, BTIG Research lowered their price objective on shares of Compass from $4.50 to $4.30 and set a “buy” rating for the company in a research report on Thursday, February 29th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Compass has a consensus rating of “Hold” and an average price target of $4.00.

Compass Price Performance

COMP stock opened at $3.69 on Wednesday. Compass has a 1 year low of $1.82 and a 1 year high of $4.68. The company has a market cap of $1.82 billion, a P/E ratio of -5.94 and a beta of 2.91. The firm has a 50-day moving average of $3.69 and a 200 day moving average of $3.57.

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

Insider Buying and Selling

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the business’s stock in a transaction that occurred 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 owns 75,570,273 shares in the company, valued at approximately $324,952,173.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.