Compass (NYSE:COMP – Free Report) had its price objective boosted by Wells Fargo & Company from $12.00 to $13.00 in a research note released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.
A number of other brokerages also recently weighed in on COMP. UBS Group increased their price target on shares of Compass from $12.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 31st. BTIG Research restated a “buy” rating on shares of Compass in a research note on Wednesday, July 15th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Compass in a research note on Wednesday, May 6th. Zacks Research raised Compass from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Oppenheimer increased their target price on Compass from $15.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.15.
Get Our Latest Stock Report on COMP
Compass Stock Performance
Compass (NYSE:COMP – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Compass had a return on equity of 4.56% and a net margin of 0.63%. Equities analysts expect that Compass will post 0.22 EPS for the current fiscal year.
Insider Buying and Selling
In related news, CEO Robert L. Reffkin sold 23,456 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $11.70, for a total value of $274,435.20. Following the transaction, the chief executive officer owned 7,757,748 shares of the company’s stock, valued at approximately $90,765,651.60. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 70,368 shares of company stock worth $748,246. Insiders own 2.85% of the company’s stock.
Key Headlines Impacting Compass
Here are the key news stories impacting Compass this week:
- Positive Sentiment: Analysts see additional upside: Wells Fargo raised its price target to $13 from $12 while maintaining an equal-weight rating. Goldman Sachs also increased its target to $12 from $10.50. Zelman & Associates reaffirmed a neutral rating but set a $13.50 target, implying potential upside from recent levels. Wells Fargo Compass analyst update
- Positive Sentiment: Better-than-expected earnings support the stock: Compass reported quarterly revenue of $4.31 billion versus the $4.11 billion consensus estimate and adjusted earnings of $0.11 per share versus expectations of $0.08. Record net income, strong cash flow and faster-than-planned cost synergies reinforce the company’s profitability improvement story. Compass second-quarter results
- Neutral Sentiment: Analyst sentiment remains mixed: Zelman’s neutral rating contrasts with buy and outperform ratings from several other firms. The average analyst target is approximately $14.21, but the high valuation and limited profitability leave investors sensitive to execution and housing-market conditions. Zelman neutral rating
- Neutral Sentiment: CEO insider sale was limited: CEO Robert Reffkin sold 23,456 shares for about $274,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.30%, making it a relatively weak bearish signal. Compass SEC insider filing
- Negative Sentiment: Private-listings controversy is the key overhang: Sen. Elizabeth Warren questioned Compass’s partnership with Chicago’s MRED private-listing network, arguing that the arrangement could increase risks of civil-rights violations and discriminatory access to housing. The criticism adds regulatory, reputational and potential legal risk while a congressional inquiry remains active. Compass defended the strategy as beneficial to consumers and agents, but the controversy may limit near-term upside. Senator Warren questions Compass private listings deal
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.
Recommended Stories
- Five stocks we like better than Compass
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Receive News & Ratings for Compass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Compass and related companies with MarketBeat.com's FREE daily email newsletter.
