Compass (NYSE:COMP) Upgraded by Wall Street Zen to Buy Rating

by · The Cerbat Gem

Wall Street Zen upgraded shares of Compass (NYSE:COMP – Free Report) from a hold rating to a buy rating in a research report released on Tuesday morning.

A number of other equities research analysts have also recently commented on the company. Odeon Capital Group initiated coverage on Compass in a report on Wednesday, November 19th. They set a “buy” rating on the stock. Wells Fargo & Company lifted their target price on Compass from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target on shares of Compass in a report on Tuesday, November 4th. BTIG Research increased their price objective on shares of Compass from $11.00 to $12.50 and gave the company a “buy” rating in a report on Tuesday, November 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Compass currently has an average rating of “Moderate Buy” and an average price target of $11.06.

View Our Latest Report on Compass

Compass Stock Performance

NYSE:COMP opened at $10.61 on Tuesday. The stock has a 50-day simple moving average of $9.67 and a two-hundred day simple moving average of $8.43. Compass has a 52-week low of $5.10 and a 52-week high of $11.07. The firm has a market capitalization of $5.95 billion, a PE ratio of -96.43 and a beta of 2.53.

Compass (NYSE:COMP – Get Free Report) last posted its quarterly earnings data 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. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%.The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Equities analysts forecast that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Compass

In other 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 transaction of $230,483.00. Following the transaction, the general counsel directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Scott R. Wahlers sold 49,900 shares of the business’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 $548,900.00. Following the completion of the sale, the chief financial officer owned 363,725 shares of the company’s stock, valued at $4,000,975. The trade was a 12.06% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 134,181 shares of company stock worth $1,448,384 over the last 90 days. Insiders own 4.08% of the company’s stock.

Compass Company Profile

(Get Free Report)

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.

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