Compass (NYSE:COMP) Raised to “Buy” at Wall Street Zen

Compass (NYSE:COMP) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

COMP has been the subject of several other research reports. Barclays raised Compass from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $9.00 to $13.00 in a report on Monday, December 8th. UBS Group lifted their price objective on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Compass Point set a $13.00 price objective on Compass in a research report on Monday, December 8th. Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Compass in a research report on Tuesday, November 4th. Finally, Zacks Research upgraded shares of Compass from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.06.

Compass Stock Performance

Shares of COMP opened at $10.35 on Friday. Compass has a twelve month low of $5.10 and a twelve month high of $11.03. The firm’s 50-day moving average is $8.93 and its two-hundred day moving average is $8.08.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. On average, sell-side analysts predict that Compass will post 0.09 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Scott R. Wahlers sold 49,900 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total transaction of $548,900.00. Following the transaction, the chief financial officer directly owned 363,725 shares in the company, valued at $4,000,975. The trade was a 12.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $230,483.00. Following the transaction, the general counsel directly owned 258,712 shares of the company’s stock, valued at $2,845,832. The trade was a 7.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 107,581 shares of company stock valued at $1,155,784 over the last ninety days. 4.08% of the stock is owned by 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.