Oppenheimer Increases Compass (NYSE:COMP) Price Target to $13.00

Compass (NYSE:COMP - Free Report) had its price objective hoisted by Oppenheimer from $12.00 to $13.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other brokerages have also recently commented on COMP. Morgan Stanley lifted their price objective on shares of Compass from $6.00 to $8.50 and gave the stock an "equal weight" rating in a research note on Wednesday. Barclays increased their price target on shares of Compass from $6.00 to $7.00 and gave the company an "equal weight" rating in a report on Wednesday, December 11th. Needham & Company LLC upped their price objective on Compass from $10.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday. The Goldman Sachs Group raised their price objective on Compass from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, UBS Group boosted their target price on Compass from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $8.69.

Compass Price Performance

Shares of COMP stock traded down $0.78 during trading hours on Wednesday, hitting $9.01. The stock had a trading volume of 9,978,797 shares, compared to its average volume of 6,794,415. The stock's 50-day moving average price is $6.80 and its two-hundred day moving average price is $6.27. Compass has a one year low of $2.89 and a one year high of $10.25. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of -29.05 and a beta of 2.95.

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

Insider Transactions at Compass

In other news, General Counsel Bradley K. Serwin sold 137,472 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.16, for a total value of $1,259,243.52. Following the transaction, the general counsel now directly owns 221,595 shares in the company, valued at approximately $2,029,810.20. This represents a 38.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Pamela Thomas-Graham sold 35,683 shares of Compass stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.00, for a total transaction of $321,147.00. Following the sale, the director now owns 93,990 shares of the company's stock, valued at $845,910. The trade was a 27.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,926,971 shares of company stock worth $103,472,099. 6.25% of the stock is currently owned by company 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.