Compass (NYSE:COMP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Compass (NYSE:COMP) from a hold rating to a buy rating in a research report report published on Thursday.

Several other equities research analysts also recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $11.00 price target on shares of Compass in a research report on Tuesday, November 4th. UBS Group set a $10.00 target price on shares of Compass in a research note on Tuesday. Barclays raised Compass from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $9.00 to $13.00 in a research report on Monday, December 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. Finally, Compass Point set a $13.00 price objective on Compass in a research note on Monday, December 8th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Compass has an average rating of “Moderate Buy” and a consensus price target of $11.89.

Compass Trading Up 2.1%

Shares of COMP opened at $12.86 on Thursday. The business’s 50-day moving average price is $10.64 and its 200 day moving average price is $8.91. The stock has a market capitalization of $7.22 billion, a P/E ratio of -116.91 and a beta of 2.53. Compass has a 1-year low of $5.66 and a 1-year high of $13.53.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. On average, research analysts predict that Compass will post 0.09 earnings per share for the current year.

Insider Buying and Selling at Compass

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of Compass stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total transaction of $230,483.00. Following the completion of the sale, the general counsel owned 258,712 shares of the company’s stock, valued at approximately $2,845,832. This trade represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott R. Wahlers sold 99,986 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total value of $1,202,831.58. Following the completion of the transaction, the chief financial officer directly owned 250,073 shares in the company, valued at approximately $3,008,378.19. The trade was a 28.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 234,167 shares of company stock valued at $2,651,216. 4.08% of the stock is owned by corporate insiders.

About Compass

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.