Compass (NYSE:COMP) Given New $8.50 Price Target at Morgan Stanley

Compass (NYSE:COMP) had its price objective boosted by Morgan Stanley from $6.00 to $8.50 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other analysts have also recently issued reports on COMP. UBS Group upped their target price on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer upped their price objective on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Needham & Company LLC increased their target price on Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays increased their target price on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.69.

Compass Stock Down 7.9 %

Shares of NYSE COMP opened at $9.01 on Wednesday. The stock has a market cap of $4.60 billion, a PE ratio of -29.05 and a beta of 2.95. Compass has a 52-week low of $2.89 and a 52-week high of $10.25. The business has a 50-day moving average price of $6.80 and a 200 day moving average price of $6.26.

Compass (NYSE:COMP) last announced its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The firm had revenue of $1.38 billion during 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 period in the prior year, the firm earned ($0.09) EPS. Sell-side analysts anticipate that Compass will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Compass

In other news, CEO Robert L. Reffkin sold 2,000,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total value of $63,300,000.00. Following the sale, the insider now owns 58,070,273 shares in the company, valued at $367,584,828.09. This trade represents a 14.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,926,971 shares of company stock worth $103,472,099. 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.