Compass (NYSE:COMP) Given New $5.00 Price Target at Barclays

Compass (NYSE:COMP) had its target price increased by Barclays from $4.00 to $5.00 in a research report issued on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 15.74% from the company’s previous close.

A number of other brokerages also recently weighed in on COMP. Oppenheimer reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Compass in a research note on Wednesday, June 26th. UBS Group increased their price objective on Compass from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Tuesday, May 14th. Needham & Company LLC restated a “buy” rating and issued a $5.00 target price on shares of Compass in a research report on Thursday, May 9th. Finally, Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $3.00 to $3.75 in a research report on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.11.

Compass Price Performance

Shares of COMP traded down $0.07 during trading hours on Thursday, hitting $4.32. The company’s stock had a trading volume of 3,495,297 shares, compared to its average volume of 4,394,022. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -6.97 and a beta of 2.88. The business has a 50 day simple moving average of $3.89 and a two-hundred day simple moving average of $3.69. Compass has a 52-week low of $1.82 and a 52-week high of $4.89.

Compass (NYSE:COMP) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Compass had a negative return on equity of 71.71% and a negative net margin of 6.10%. Research analysts predict that Compass will post -0.38 earnings per share for the current year.

Insider Activity

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $4.30, for a total transaction of $72,670,000.00. Following the sale, the insider now directly owns 75,570,273 shares of the company’s stock, valued at approximately $324,952,173.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.25% of the company’s stock.

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.