Compass (NYSE:COMP) Upgraded to “Hold” at The Goldman Sachs Group

Compass (NYSE:COMP) was upgraded by stock analysts at The Goldman Sachs Group to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Zacks Research raised Compass from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. initiated coverage on shares of Compass in a research note on Monday. They set an “overweight” rating and a $15.00 price target on the stock. Wall Street Zen cut shares of Compass from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of Compass in a report on Wednesday, January 21st. Finally, UBS Group set a $10.00 target price on shares of Compass in a research note on Tuesday, January 13th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Compass Price Performance

NYSE COMP opened at $13.05 on Tuesday. The stock has a market capitalization of $7.35 billion, a P/E ratio of -118.59 and a beta of 2.53. The firm’s 50-day moving average is $11.25 and its two-hundred day moving average is $9.29. Compass has a 12 month low of $5.66 and a 12 month high of $13.95.

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

Insider Buying and Selling

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $230,483.00. Following the sale, the general counsel owned 258,712 shares of the company’s stock, valued at $2,845,832. This trade represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott R. Wahlers sold 99,986 shares of Compass stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total transaction of $1,202,831.58. Following the completion of the transaction, the chief financial officer owned 250,073 shares of the company’s stock, valued at $3,008,378.19. This represents a 28.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 234,167 shares of company stock worth $2,651,216 over the last 90 days. Insiders own 4.08% of the company’s stock.

Compass Company Profile

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.