Needham & Company LLC Lowers Compass (NYSE:COMP) Price Target to $11.00

Compass (NYSE:COMP) had its target price reduced by Needham & Company LLC from $12.00 to $11.00 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently issued reports on the stock. Oppenheimer lifted their target price on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group increased their price target on Compass from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, March 27th. Barclays lowered their target price on shares of Compass from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Friday. Morgan Stanley boosted their target price on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company assumed coverage on Compass in a research report on Monday, April 28th. They issued a “positive” rating and a $8.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.09.

Compass Stock Down 19.1 %

Shares of Compass stock opened at $6.25 on Friday. Compass has a 12 month low of $3.34 and a 12 month high of $10.25. The stock has a market cap of $3.24 billion, a PE ratio of -20.16 and a beta of 2.80. The business has a fifty day simple moving average of $8.17 and a 200-day simple moving average of $7.34.

Compass (NYSE:COMP) last released its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. The company 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 quarter in the previous year, the business posted ($0.09) EPS. Analysts expect that Compass will post 0.09 EPS for the current fiscal year.

Insider Transactions at Compass

In related news, General Counsel Bradley K. Serwin sold 137,472 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.16, for a total value of $1,259,243.52. Following the completion of the transaction, the general counsel now directly owns 221,595 shares of the company’s stock, valued at $2,029,810.20. This trade represents a 38.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $9.15, for a total transaction of $91,500,000.00. Following the completion of the sale, the insider now directly owns 48,070,273 shares in the company, valued at $439,842,997.95. This trade represents a 17.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,423,155 shares of company stock worth $122,225,645. 4.08% 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.