Compass (NYSE:COMP) Given New $15.00 Price Target at UBS Group

Compass (NYSE:COMP) had its price target dropped by investment analysts at UBS Group from $17.00 to $15.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group‘s price target would suggest a potential upside of 64.06% from the company’s previous close.

A number of other research analysts also recently commented on the company. Wells Fargo & Company dropped their price objective on Compass from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $15.00 target price on shares of Compass in a research report on Wednesday, August 5th. Zelman & Associates raised shares of Compass from a “buy” rating to an “outperform” rating in a research report on Wednesday, October 21st. BTIG Research restated a “buy” rating on shares of Compass in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Compass from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.36.

Compass Stock Down 6.0%

Shares of Compass stock traded down $0.59 on Wednesday, reaching $9.14. 12,903,593 shares of the company were exchanged, compared to its average volume of 15,929,630. The stock’s 50 day moving average price is $10.11 and its 200-day moving average price is $10.01. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. Compass has a 1-year low of $6.37 and a 1-year high of $13.95. The company has a market cap of $6.89 billion, a P/E ratio of 152.38 and a beta of 2.32.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. Compass had a net margin of 0.63% and a return on equity of 3.62%. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.11 billion. As a group, equities analysts forecast that Compass will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Robert Reffkin sold 23,456 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $11.70, for a total value of $274,435.20. Following the transaction, the chief executive officer owned 7,757,748 shares of the company’s stock, valued at approximately $90,765,651.60. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.85% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in COMP. Wellington Management Group LLP purchased a new stake in shares of Compass in the second quarter valued at approximately $41,838,000. Irenic Capital Management LP acquired a new position in Compass during the second quarter worth $22,156,000. Readystate Asset Management LP purchased a new position in Compass in the second quarter worth $20,237,000. Steamboat Capital Partners LLC purchased a new position in Compass in the second quarter worth $17,069,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Compass in the 2nd quarter valued at about $10,232,000. 67.05% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Compass

Here are the key news stories impacting Compass this week:

• Positive Sentiment: Coldwell Banker, an Anywhere brand now associated with Compass, reported that 82% of parents of young children are saving or considering saving for their child’s first home. The survey suggests durable long-term interest in homeownership, although it does not directly affect Compass’s near-term financial results. Coldwell Banker American Dream Report

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.