Oppenheimer Raises Compass (NYSE:COMP) Price Target to $13.00

Compass (NYSE:COMP) had its target price increased by investment analysts at Oppenheimer from $12.00 to $13.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 33.22% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on COMP. UBS Group raised their target price on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays raised their price objective on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Needham & Company LLC upped their target price on shares of Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley increased their target price on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group upped their price objective on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $8.69.

Compass Trading Down 4.7 %

COMP stock opened at $9.76 on Wednesday. The firm has a 50 day moving average of $6.76 and a 200-day moving average of $6.23. The firm has a market capitalization of $4.98 billion, a P/E ratio of -31.48 and a beta of 2.95. Compass has a 12 month low of $2.89 and a 12 month high of $10.25.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned ($0.09) EPS. Sell-side analysts predict that Compass will post 0.07 EPS for the current year.

Insider Activity

In related news, CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total value of $18,920,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 49,316 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total transaction of $291,457.56. Following the sale, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. The trade was a 1.64 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,503,816 shares of company stock valued at $99,574,208. 6.25% of the stock is currently owned by insiders.

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.