Morgan Stanley Issues Positive Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP - Get Free Report) had its price target upped by investment analysts at Morgan Stanley from $6.00 to $8.50 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price objective would suggest a potential downside of 5.61% from the stock's previous close.

Several other research firms have also recently issued reports on COMP. Barclays raised their price objective on Compass from $6.00 to $7.00 and gave the stock an "equal weight" rating in a report on Wednesday, December 11th. Oppenheimer raised their price target on Compass from $8.50 to $9.50 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Needham & Company LLC lifted their price target on Compass from $10.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on shares of Compass from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, UBS Group boosted their target price on shares of Compass from $11.00 to $12.00 and gave the company a "buy" rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, Compass presently has a consensus rating of "Moderate Buy" and an average price target of $8.69.

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Compass Stock Performance

Compass stock traded down $0.78 during midday trading on Wednesday, reaching $9.01. 9,978,797 shares of the company were exchanged, compared to its average volume of 6,794,415. The firm's 50-day simple moving average is $6.80 and its 200-day simple moving average is $6.27. Compass has a 1 year low of $2.89 and a 1 year high of $10.25. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of -29.05 and a beta of 2.95.

Compass (NYSE:COMP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.02. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. During the same period in the previous year, the firm posted ($0.09) earnings per share. On average, analysts forecast that Compass will post 0.09 EPS for the current fiscal year.

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total value of $63,300,000.00. Following the completion of the sale, the insider now owns 58,070,273 shares of the company's stock, valued at $367,584,828.09. This represents a 14.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott R. Wahlers sold 250,000 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was 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 directly owns 329,187 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 14,926,971 shares of company stock worth $103,472,099 in the last three months. 6.25% of the stock is currently owned by company insiders.

Compass Company Profile

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.