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

Compass (NYSE:COMP) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Thursday.

A number of other research firms have also commented on COMP. Wells Fargo & Company upped their price objective on shares of Compass from $8.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday. Barclays raised Compass from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $9.00 to $13.00 in a research note on Monday, December 8th. Odeon Capital Group initiated coverage on Compass in a research note on Wednesday, November 19th. They issued a “buy” rating for the company. BTIG Research raised 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. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Compass in a research note on Tuesday, November 4th. Seven 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. Based on data from MarketBeat, Compass presently has an average rating of “Moderate Buy” and a consensus target price of $11.89.

Compass Stock Performance

NYSE COMP opened at $12.86 on Thursday. The firm has a market capitalization of $7.22 billion, a PE ratio of -116.91 and a beta of 2.53. Compass has a one year low of $5.66 and a one year high of $13.53. The company has a 50-day simple moving average of $10.64 and a 200-day simple moving average of $8.89.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%. Equities analysts forecast that Compass will post 0.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $230,483.00. Following the transaction, the general counsel directly owned 258,712 shares of the company’s stock, valued at $2,845,832. This represents a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott R. Wahlers sold 99,986 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer owned 250,073 shares of the company’s stock, valued at approximately $3,008,378.19. This represents a 28.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 234,167 shares of company stock worth $2,651,216. 4.08% of the stock is owned by company 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.