Compass (NYSE:COMP) Given New $10.00 Price Target at The Goldman Sachs Group

Compass (NYSE:COMP - Get Free Report) had its price target hoisted by analysts at The Goldman Sachs Group from $9.00 to $10.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's price target would suggest a potential upside of 5.82% from the stock's previous close.

COMP has been the subject of a number of other reports. Oppenheimer increased their price objective on shares of Compass from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Morgan Stanley raised their target price on shares of Compass from $6.00 to $8.50 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. UBS Group boosted their price target on shares of Compass from $11.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Needham & Company LLC restated a "buy" rating and set a $12.00 price objective on shares of Compass in a research report on Friday, March 14th. Finally, Barclays boosted their target price on Compass from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 25th. Three 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, Compass currently has an average rating of "Moderate Buy" and an average price target of $9.75.

Compass Price Performance

Shares of COMP stock traded down $0.16 on Friday, hitting $9.45. 6,980,851 shares of the stock traded hands, compared to its average volume of 4,763,694. Compass has a 52 week low of $3.03 and a 52 week high of $10.25. The firm has a 50 day simple moving average of $8.16 and a two-hundred day simple moving average of $6.92. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -30.48 and a beta of 2.88.

Compass (NYSE:COMP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating analysts' consensus estimates 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 last year, the firm earned ($0.09) earnings per share. Sell-side analysts forecast that Compass will post 0.09 EPS for the current year.

Insider Buying and Selling

In other Compass news, CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 804,893 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.91, for a total value of $4,756,917.63. Following the transaction, the chief executive officer now directly owns 2,145,791 shares in the company, valued at $12,681,624.81. The trade was a 27.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,926,971 shares of company stock worth $40,172,099. Corporate 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.