Compass (NYSE:COMP) PT Raised to $4.50

Compass (NYSE:COMP) had its price target increased by The Goldman Sachs Group from $4.00 to $4.50 in a research report sent to investors on Thursday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

COMP has been the subject of several other reports. Needham & Company LLC reaffirmed a buy rating and issued a $5.00 price objective on shares of Compass in a research report on Thursday, May 9th. Oppenheimer reaffirmed an outperform rating and issued a $6.00 price target on shares of Compass in a report on Wednesday, June 26th. Barclays boosted their price objective on shares of Compass from $4.00 to $5.00 and gave the company an equal weight rating in a report on Thursday. UBS Group raised their target price on Compass from $3.50 to $4.00 and gave the stock a neutral rating in a research note on Tuesday, May 14th. Finally, Gordon Haskett upgraded Compass from an underperform rating to a hold rating and boosted their price target for the company from $3.00 to $3.75 in a research note on Tuesday, June 25th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $4.28.

Compass Trading Up 0.5 %

Shares of COMP stock opened at $4.28 on Thursday. Compass has a 12-month low of $1.82 and a 12-month high of $4.89. The business’s fifty day simple moving average is $3.90 and its 200-day simple moving average is $3.70. The company has a market cap of $2.12 billion, a PE ratio of -6.90 and a beta of 2.89.

Compass (NYSE:COMP) last announced its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.03. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. Compass had a negative return on equity of 56.79% and a negative net margin of 4.53%. During the same period in the prior year, the company posted ($0.10) EPS. On average, equities analysts forecast that Compass will post -0.38 earnings per share for the current year.

Insider Buying and Selling at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $4.30, for a total value of $72,670,000.00. Following 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 this link. Company 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.