The Goldman Sachs Group Issues Positive Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its price target hoisted by The Goldman Sachs Group from $10.00 to $11.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 20.42% from the company’s previous close.

Several other equities research analysts also recently commented on COMP. Oppenheimer increased their price objective on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Barclays lifted their price objective on shares of Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. UBS Group boosted their price objective on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Morgan Stanley raised their target price on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $12.00 price target on shares of Compass in a research report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Compass currently has a consensus rating of “Moderate Buy” and an average price target of $9.89.

Compass Price Performance

Shares of NYSE:COMP opened at $9.14 on Thursday. The company’s 50-day moving average price is $8.32 and its two-hundred day moving average price is $6.98. Compass has a one year low of $3.03 and a one year high of $10.25. The stock has a market capitalization of $4.69 billion, a PE ratio of -29.47 and a beta of 2.88.

Compass (NYSE:COMP) last released its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company posted ($0.09) earnings per share. On average, analysts anticipate that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Compass

In other Compass news, CEO Robert L. Reffkin sold 49,316 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total value of $291,457.56. Following the transaction, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. This represents a 1.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total value of $18,920,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,926,971 shares of company stock worth $131,672,099. 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.