UBS Group Has Lowered Expectations for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP - Get Free Report) had its price target decreased by analysts at UBS Group from $12.00 to $11.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price target would suggest a potential upside of 45.31% from the stock's current price.

COMP has been the topic of a number of other reports. Oppenheimer lifted their target price on shares of Compass from $12.00 to $13.00 and gave the company an "outperform" rating in a report on Wednesday, February 19th. Needham & Company LLC restated a "buy" rating and issued a $12.00 price target on shares of Compass in a research report on Friday, March 14th. Morgan Stanley lifted their target price on Compass from $6.00 to $8.50 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group upped their target price on shares of Compass from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Barclays raised their price objective on Compass from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Compass presently has an average rating of "Moderate Buy" and a consensus price target of $9.75.

Compass Stock Performance

Shares of NYSE:COMP traded down $0.29 on Friday, hitting $7.57. 2,382,075 shares of the company's stock were exchanged, compared to its average volume of 5,057,789. Compass has a 1-year low of $3.03 and a 1-year high of $10.25. The company has a market capitalization of $3.92 billion, a PE ratio of -24.42 and a beta of 2.79. The firm's 50-day moving average is $8.57 and its 200 day moving average is $7.15.

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

Insider Activity at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $9.15, for a total value of $91,500,000.00. Following the completion of the sale, the insider now owns 48,070,273 shares in the company, valued at approximately $439,842,997.95. This trade represents a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert L. Reffkin sold 42,717 shares of Compass stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $6.90, for a total transaction of $294,747.30. Following the sale, the chief executive officer now owns 1,957,283 shares in the company, valued at $13,505,252.70. This represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,931,701 shares of company stock worth $125,739,271. Company 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.