Compass (NYSE:COMP) Given New $6.00 Price Target at Barclays

Compass (NYSE:COMP) had its price objective upped by equities research analysts at Barclays from $5.00 to $6.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential downside of 4.76% from the stock’s previous close.

COMP has been the topic of a number of other research reports. Oppenheimer upped their price objective on Compass from $6.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. UBS Group upped their price objective on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their target price on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Needham & Company LLC increased their target price on Compass from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Compass presently has a consensus rating of “Hold” and a consensus target price of $5.11.

Compass Stock Up 13.3 %

COMP traded up $0.74 during trading on Thursday, reaching $6.30. 5,539,467 shares of the company’s stock were exchanged, compared to its average volume of 4,568,981. The company has a market capitalization of $3.12 billion, a P/E ratio of -13.13 and a beta of 2.93. The business has a 50 day moving average price of $5.79 and a 200 day moving average price of $4.56. Compass has a fifty-two week low of $1.82 and a fifty-two week high of $6.78.

Compass (NYSE:COMP) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. The business had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the business posted ($0.10) earnings per share. As a group, research analysts forecast that Compass will post -0.38 EPS for the current year.

Insider Buying and Selling at Compass

In related news, CEO Robert L. Reffkin sold 27,664 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $4.17, for a total transaction 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’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 completion of the transaction, the insider now directly owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert L. Reffkin sold 27,664 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $4.17, for a total value of $115,358.88. Following the completion of the sale, the chief executive officer now directly owns 393,486 shares of the company’s stock, valued at approximately $1,640,836.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,267,261 shares of company stock worth $56,222,967 over the last ninety days. 6.25% of the stock is currently owned by company 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.