Compass (NYSE:COMP) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Compass (NYSE:COMP) in a research note released on Friday morning,Benzinga reports. The brokerage currently has a $12.00 price objective on the stock.

Other analysts have also recently issued research reports about the company. UBS Group increased their target price on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Barclays lifted their target price on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Oppenheimer increased their price target 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 lifted their price objective on shares of Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, Morgan Stanley increased their target price 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.61.

Compass Price Performance

NYSE:COMP opened at $8.74 on Friday. Compass has a 1-year low of $2.90 and a 1-year high of $10.25. The company has a 50-day moving average of $7.65 and a 200 day moving average of $6.72. The firm has a market cap of $4.52 billion, a PE ratio of -28.18 and a beta of 2.88.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company earned ($0.09) EPS. Sell-side analysts anticipate that Compass will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert L. Reffkin sold 2,000,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total value of $18,920,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Scott R. Wahlers sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total value of $2,317,500.00. Following the completion of the transaction, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at approximately $3,051,563.49. The trade was a 43.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,926,971 shares of company stock worth $103,472,099 in the last three months. Corporate 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.