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

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

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

Compass Trading Down 0.4 %

Shares of Compass stock opened at $5.64 on Tuesday. The firm’s 50 day moving average is $5.75 and its 200 day moving average is $4.52. The firm has a market capitalization of $2.79 billion, a PE ratio of -9.10 and a beta of 2.93. 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 results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate 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 prior year, the business earned ($0.10) earnings per share. As a group, research analysts anticipate that Compass will post -0.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Robert L. Reffkin sold 27,664 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were 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 owns 393,486 shares of the company’s stock, valued at $1,640,836.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the transaction, 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 position. The transaction was disclosed in a 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 that occurred on Monday, August 12th. The stock was 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 in the company, valued at approximately $1,640,836.62. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,267,261 shares of company stock worth $56,222,967. 6.25% 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.