Compass (NYSE:COMP) Given New $9.00 Price Target at Barclays

Compass (NYSE:COMP - Free Report) had its price target raised by Barclays from $7.00 to $9.00 in a research report report published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts also recently weighed in on COMP. The Goldman Sachs Group upped their target price on Compass from $8.00 to $9.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Oppenheimer increased their target price on shares of Compass from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Morgan Stanley upped their price target on shares of Compass from $6.00 to $8.50 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Needham & Company LLC lifted their price objective on Compass from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, UBS Group upped their target price on Compass from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $8.94.

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Compass Stock Performance

Shares of NYSE:COMP remained flat at $9.01 during mid-day trading on Tuesday. 6,110,979 shares of the company traded hands, compared to its average volume of 6,638,830. The firm's 50-day simple moving average is $7.03 and its 200 day simple moving average is $6.40. Compass has a fifty-two week low of $2.89 and a fifty-two week high of $10.25. The stock has a market capitalization of $4.60 billion, a P/E ratio of -29.06 and a beta of 2.95.

Compass (NYSE:COMP - Get Free Report) last released its earnings results 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 company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company earned ($0.09) earnings per share. As a group, equities research analysts anticipate that Compass will post 0.09 EPS for the current fiscal year.

Insider Activity

In other news, Director Pamela Thomas-Graham sold 35,683 shares of the business's 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 completion of the sale, the director now directly owns 93,990 shares in the company, valued at approximately $845,910. The trade was a 27.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott R. Wahlers sold 250,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the sale, the chief accounting officer now owns 329,187 shares of the company's stock, valued at $3,051,563.49. This trade represents a 43.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,926,971 shares of company stock valued at $103,472,099. 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.