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

Compass (NYSE:COMP) had its price objective increased by Oppenheimer from $6.00 to $8.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

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

Compass Trading Up 1.1 %

Shares of COMP opened at $6.21 on Tuesday. The firm has a market cap of $3.07 billion, a PE ratio of -10.02 and a beta of 2.91. The firm has a fifty day simple moving average of $5.13 and a two-hundred day simple moving average of $4.17. Compass has a 1-year low of $1.82 and a 1-year high of $6.78.

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

Insider Buying and Selling

In related news, CEO Robert L. Reffkin sold 27,664 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the completion of the transaction, the chief executive officer now owns 393,486 shares of the company’s stock, valued at approximately $1,640,836.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Compass news, CEO Robert L. Reffkin sold 55,698 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $5.91, for a total transaction of $329,175.18. Following the completion of the transaction, the chief executive officer now owns 944,302 shares of the company’s stock, valued at approximately $5,580,824.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 27,664 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $4.17, for a total transaction of $115,358.88. Following the transaction, the chief executive officer now directly owns 393,486 shares of the company’s stock, valued at approximately $1,640,836.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,267,261 shares of company stock valued at $56,222,967. Company 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.