Compass (NYSE:COMP) Coverage Initiated at JPMorgan Chase & Co.

Equities researchers at JPMorgan Chase & Co. assumed coverage on shares of Compass (NYSE:COMP) in a report issued on Monday,Benzinga reports. The firm set an “overweight” rating and a $15.00 price target on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.49% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price objective on shares of Compass in a report on Tuesday, November 4th. BTIG Research lifted their price objective on shares of Compass from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Barclays boosted their target price on shares of Compass from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Zacks Research upgraded shares of Compass from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.73.

Compass Price Performance

Shares of NYSE COMP opened at $13.34 on Monday. The firm’s 50-day moving average price is $11.01 and its two-hundred day moving average price is $9.17. Compass has a 52-week low of $5.66 and a 52-week high of $13.53.

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

Insider Activity

In other news, General Counsel Bradley K. Serwin sold 20,953 shares of the company’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 completion of the sale, the general counsel directly owned 258,712 shares of the company’s stock, valued at approximately $2,845,832. This represents a 7.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott R. Wahlers sold 99,986 shares of the stock in a transaction that occurred on Wednesday, January 7th. The shares were 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 trade represents a 28.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 234,167 shares of company stock valued at $2,651,216 in the last ninety days. Corporate 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.