Compass (NYSE:COMP – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.
A number of other equities analysts have also weighed in on COMP. Barclays lowered their price objective on shares of Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Morgan Stanley raised their target price on shares of Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. BTIG Research set a $12.00 price target on shares of Compass in a report on Wednesday, April 15th. Finally, Wells Fargo & Company raised their price objective on shares of Compass from $9.00 to $12.00 and gave the company an “equal weight” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $12.88.
Check Out Our Latest Report on COMP
Compass Stock Down 8.3%
Compass (NYSE:COMP – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.20. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. As a group, research analysts anticipate that Compass will post 0.1 EPS for the current year.
Insider Activity at Compass
In related news, CEO Robert L. Reffkin sold 23,456 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total value of $293,434.56. Following the completion of the sale, the chief executive officer owned 7,781,204 shares in the company, valued at $97,342,862.04. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by company insiders.
About Compass
Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.
Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.
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