Compass (NYSE:COMP) Upgraded by Gordon Haskett to Hold

Gordon Haskett upgraded shares of Compass (NYSE:COMP) from an underperform rating to a hold rating in a report issued on Tuesday, Marketbeat.com reports. Gordon Haskett currently has $3.75 price target on the stock, up from their prior price target of $3.00.

Several other analysts also recently weighed in on the company. Barclays boosted their target price on Compass from $2.50 to $4.00 and gave the company an equal weight rating in a report on Tuesday, March 5th. UBS Group increased their price objective on Compass from $3.50 to $4.00 and gave the company a neutral rating in a report on Tuesday, May 14th. Oppenheimer reaffirmed an outperform rating and issued a $6.00 target price (up from $5.50) on shares of Compass in a report on Wednesday, February 28th. The Goldman Sachs Group increased 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, Needham & Company LLC reissued a buy rating and set a $5.00 price objective on shares of Compass in a research report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $4.00.

Compass Stock Performance

Shares of NYSE COMP opened at $3.62 on Tuesday. The stock’s 50-day simple moving average is $3.70 and its 200-day simple moving average is $3.57. The firm has a market capitalization of $1.79 billion, a PE ratio of -5.84 and a beta of 2.91. Compass has a fifty-two week low of $1.82 and a fifty-two week high of $4.68.

Compass (NYSE:COMP) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.03 billion. On average, sell-side analysts forecast 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 firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $4.30, for a total value of $72,670,000.00. Following the completion of the sale, the insider now owns 75,570,273 shares in the company, valued at $324,952,173.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.25% of the stock is currently owned by corporate 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.