The Goldman Sachs Group Issues Positive Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its price objective lifted by The Goldman Sachs Group from $10.00 to $11.00 in a research note published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other brokerages also recently commented on COMP. Morgan Stanley increased their price objective on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Oppenheimer increased their price target on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. UBS Group boosted their price objective on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Needham & Company LLC reiterated a “buy” rating and set a $12.00 target price on shares of Compass in a research note on Friday, March 14th. Finally, Barclays boosted their price target on Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Compass has an average rating of “Moderate Buy” and a consensus price target of $9.89.

Compass Price Performance

NYSE:COMP opened at $9.36 on Thursday. The firm has a market capitalization of $4.80 billion, a P/E ratio of -30.18 and a beta of 2.88. Compass has a one year low of $3.03 and a one year high of $10.25. The company’s 50-day simple moving average is $8.27 and its 200 day simple moving average is $6.95.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.02. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate 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 prior year, the business posted ($0.09) EPS. On average, equities research analysts expect that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 48,070,273 shares in the company, valued at $439,842,997.95. This represents a 17.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Scott R. Wahlers sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the sale, the chief accounting officer now owns 329,187 shares of the company’s stock, valued at $3,051,563.49. This trade represents a 43.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,926,971 shares of company stock worth $131,672,099 in the last ninety days. Insiders own 6.25% of the company’s stock.

Compass Company Profile

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.