Oppenheimer Raises Compass (NYSE:COMP) Price Target to $8.00

Compass (NYSE:COMP) had its target price upped by stock analysts at Oppenheimer from $6.00 to $8.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective indicates a potential upside of 29.03% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Barclays upped their price target on shares of Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group upped their target price on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and lifted their price target for the company from $3.00 to $3.75 in a research report on Tuesday, June 25th. Finally, Needham & Company LLC upped their price target on Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Compass presently has an average rating of “Hold” and a consensus target price of $4.50.

Compass Stock Up 0.2 %

NYSE COMP opened at $6.20 on Tuesday. The stock has a market capitalization of $3.07 billion, a P/E ratio of -10.00 and a beta of 2.91. Compass has a 52-week low of $1.82 and a 52-week high of $6.78. The firm has a 50-day moving average price of $5.03 and a 200 day moving average price of $4.12.

Compass (NYSE:COMP) last issued its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. During the same period in the prior year, the business posted ($0.10) EPS. On average, equities research analysts expect that Compass will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Compass news, CEO Robert L. Reffkin sold 164,514 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $4.90, for a total transaction of $806,118.60. Following the sale, the chief executive officer now owns 835,486 shares in the company, valued at approximately $4,093,881.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Robert L. Reffkin sold 164,514 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $4.90, for a total value of $806,118.60. Following the completion of the transaction, the chief executive officer now owns 835,486 shares of the company’s stock, valued at $4,093,881.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the transaction, the insider now directly owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. The disclosure for this sale can be found here. Insiders sold 9,267,261 shares of company stock worth $56,222,967 in the last ninety days. 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.