Compass (NYSE:COMP) Price Target Raised to $11.00 at The Goldman Sachs Group

Compass (NYSE:COMP - Free Report) had its price target hoisted by The Goldman Sachs Group from $10.00 to $11.00 in a research note issued to investors on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. Barclays raised their target price on shares of Compass from $7.00 to $9.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 25th. Morgan Stanley upped their target price on Compass from $6.00 to $8.50 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Oppenheimer increased their price target on Compass from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. UBS Group boosted their price target on Compass from $11.00 to $12.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $12.00 target price on shares of Compass in a research note on Friday, March 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Compass currently has a consensus rating of "Moderate Buy" and an average target price of $9.89.

Compass Stock Down 4.4 %

Shares of COMP traded down $0.41 during trading hours on Thursday, reaching $8.72. The stock had a trading volume of 7,906,015 shares, compared to its average volume of 4,896,114. The firm has a 50-day moving average of $8.32 and a 200 day moving average of $6.99. The company has a market cap of $4.52 billion, a P/E ratio of -28.14 and a beta of 2.88. Compass has a 52 week low of $3.03 and a 52 week high of $10.25.

Compass (NYSE:COMP - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (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 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 business earned ($0.09) EPS. As a group, equities analysts expect that Compass will post 0.09 earnings per share for the current year.

Insider Buying and Selling

In other news, General Counsel Bradley K. Serwin sold 137,472 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.16, for a total transaction of $1,259,243.52. Following the sale, the general counsel now directly owns 221,595 shares of the company's stock, valued at approximately $2,029,810.20. This represents a 38.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $9.15, for a total value of $91,500,000.00. Following the completion of the transaction, the insider now directly owns 48,070,273 shares of the company's stock, valued at approximately $439,842,997.95. This trade represents a 17.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,926,971 shares of company stock valued at $131,672,099 over the last 90 days. 6.25% of the stock is owned by corporate 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.