Compass (NYSE:COMP) Given Outperform Rating at Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Compass (NYSE:COMP - Free Report) in a report issued on Friday morning, Benzinga reports. Oppenheimer currently has a $8.50 target price on the stock, up from their previous target price of $8.00.

Other research analysts have also issued reports about the stock. Needham & Company LLC increased their target price on shares of Compass from $6.00 to $8.00 and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group increased their price objective on shares of Compass from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Barclays boosted their target price on Compass from $5.00 to $6.00 and gave the company an "equal weight" rating in a research report on Thursday. Finally, UBS Group increased their price target on Compass from $4.40 to $6.50 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $5.17.

Compass Price Performance

NYSE COMP traded up $0.06 during mid-day trading on Friday, reaching $6.41. 9,324,042 shares of the stock were exchanged, compared to its average volume of 4,603,193. The stock has a market cap of $3.17 billion, a P/E ratio of -16.02 and a beta of 2.93. Compass has a one year low of $1.88 and a one year high of $6.78. The stock has a 50 day simple moving average of $5.85 and a 200-day simple moving average of $4.60.

Compass (NYSE:COMP - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. Compass had a negative return on equity of 50.79% and a negative net margin of 3.70%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company earned ($0.10) EPS. Sell-side analysts anticipate that Compass will post -0.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the sale, the insider now owns 68,070,273 shares in the company, valued at $424,758,503.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Robert L. Reffkin sold 164,514 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $4.90, for a total value of $806,118.60. Following the sale, the chief executive officer now owns 835,486 shares of the company's stock, valued at $4,093,881.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm'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 completion of the transaction, the insider now directly owns 68,070,273 shares of the company's stock, valued at approximately $424,758,503.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,267,261 shares of company stock valued at $56,222,967. Insiders own 6.25% of the company's stock.

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.