The Goldman Sachs Group Forecasts Strong Price Appreciation for Compass (NYSE:COMP) Stock

Compass (NYSE:COMP) had its price target lifted by stock analysts at The Goldman Sachs Group from $8.00 to $9.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential downside of 7.77% from the stock’s current price.

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

Compass Price Performance

COMP opened at $9.76 on Wednesday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of -31.48 and a beta of 2.95. The business’s 50-day moving average price is $6.76 and its two-hundred day moving average price is $6.23. Compass has a 1 year low of $2.89 and a 1 year high of $10.25.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. The company 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 quarter last year, the company earned ($0.09) EPS. Sell-side analysts anticipate that Compass will post 0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert L. Reffkin sold 775,490 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $7.91, for a total transaction of $6,134,125.90. Following the completion of the sale, the chief executive officer now owns 363,646 shares in the company, valued at $2,876,439.86. The trade was a 68.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert L. Reffkin sold 2,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total value of $18,920,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,503,816 shares of company stock worth $99,574,208. Company 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.