Oppenheimer Increases Compass (NYSE:COMP) Price Target to $8.00

Compass (NYSE:COMP) had its target price upped by investment analysts at Oppenheimer from $6.00 to $8.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Oppenheimer’s price target points to a potential upside of 30.29% from the company’s current price.

Several other equities analysts have also issued reports on COMP. Barclays increased their target price on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Needham & Company LLC increased their price target on shares of Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $3.00 to $3.75 in a report on Tuesday, June 25th. Finally, The Goldman Sachs Group upped their target price on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.50.

Compass Stock Performance

Compass stock opened at $6.14 on Tuesday. The company’s 50 day simple moving average is $5.09 and its 200-day simple moving average is $4.15. Compass has a 1 year low of $1.82 and a 1 year high of $6.78. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -9.90 and a beta of 2.91.

Compass (NYSE:COMP) last posted its earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the firm earned ($0.10) EPS. Equities analysts expect that Compass will post -0.39 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Robert L. Reffkin sold 27,664 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the sale, the chief executive officer now directly owns 393,486 shares in the company, valued at approximately $1,640,836.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert L. Reffkin sold 27,664 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $4.17, for a total value of $115,358.88. Following the transaction, the chief executive officer now owns 393,486 shares in the company, valued at approximately $1,640,836.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the sale, the insider now directly owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. The disclosure for this sale can be found here. Insiders sold 9,267,261 shares of company stock worth $56,222,967 over the last 90 days. 6.25% of the stock is owned by insiders.

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.