Compass (NYSE:COMP) Price Target Raised to $6.50 at UBS Group

Compass (NYSE:COMP) had its target price upped by UBS Group from $4.40 to $6.50 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on COMP. Needham & Company LLC increased their price objective on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Oppenheimer raised their price target on Compass from $6.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Gordon Haskett raised Compass from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $3.00 to $3.75 in a report on Tuesday, June 25th. Barclays increased their price objective on Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Finally, The Goldman Sachs Group boosted their target price on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Compass presently has an average rating of “Hold” and an average price target of $4.78.

Compass Stock Performance

Shares of COMP opened at $5.66 on Tuesday. The stock has a market capitalization of $2.80 billion, a PE ratio of -9.13 and a beta of 2.93. The company’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $4.50. Compass has a 1 year low of $1.82 and a 1 year high of $6.78.

Compass (NYSE:COMP) last announced its quarterly earnings data 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. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business posted ($0.10) EPS. On average, sell-side analysts predict that Compass will post -0.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the completion of the sale, the insider now directly owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Compass news, CEO Robert L. Reffkin sold 27,664 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $4.17, for a total transaction of $115,358.88. Following the completion of the sale, the chief executive officer now directly owns 393,486 shares of the company’s stock, valued at approximately $1,640,836.62. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’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 value of $46,800,000.00. Following the completion of the transaction, the insider now directly owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,267,261 shares of company stock valued at $56,222,967 over the last quarter. 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.