Compass (NYSE:COMP) Price Target Cut to $8.00 by Analysts at Barclays

Compass (NYSE:COMP) had its price objective trimmed by Barclays from $9.00 to $8.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages have also commented on COMP. The Goldman Sachs Group lifted their price objective on shares of Compass from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 price target on shares of Compass in a report on Friday, March 14th. UBS Group reduced their price objective on Compass from $12.00 to $11.00 and set a “buy” rating for the company in a report on Friday, April 11th. Morgan Stanley boosted their target price on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Oppenheimer increased their price target on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.09.

Compass Stock Down 19.1 %

Shares of NYSE COMP opened at $6.25 on Friday. The company has a market capitalization of $3.24 billion, a PE ratio of -20.16 and a beta of 2.80. The stock’s 50 day moving average price is $8.17 and its 200-day moving average price is $7.34. Compass has a twelve month low of $3.34 and a twelve month high of $10.25.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the prior year, the company earned ($0.09) EPS. As a group, research analysts expect that Compass will post 0.09 EPS for the current fiscal year.

Insider Activity

In other news, CEO Robert L. Reffkin sold 224,510 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $7.90, for a total value of $1,773,629.00. Following the completion of the transaction, the chief executive officer now directly owns 1,139,136 shares in the company, valued at approximately $8,999,174.40. This trade represents a 16.46 % 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 the SEC website. Also, Director Pamela Thomas-Graham sold 35,683 shares of Compass stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.00, for a total value of $321,147.00. Following the sale, the director now directly owns 93,990 shares of the company’s stock, valued at $845,910. This represents a 27.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,423,155 shares of company stock worth $122,225,645. 4.08% of the stock is 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.