Compass (NYSE:COMP) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Compass (NYSE:COMPFree Report) from a hold rating to a buy rating in a research report report published on Thursday.

COMP has been the topic of several other research reports. Zacks Research raised shares of Compass from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Barclays upgraded Compass from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $9.00 to $13.00 in a research report on Monday, December 8th. Wells Fargo & Company increased their target price on Compass from $8.00 to $13.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass in a research report on Wednesday, October 8th. Finally, BTIG Research upped their price objective on Compass from $12.50 to $15.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.89.

Check Out Our Latest Stock Analysis on COMP

Compass Stock Performance

Compass stock opened at $12.59 on Thursday. Compass has a fifty-two week low of $5.66 and a fifty-two week high of $13.53. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of -114.42 and a beta of 2.53. The stock’s fifty day moving average is $10.55 and its two-hundred day moving average is $8.85.

Compass (NYSE:COMPGet Free Report) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates 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, sell-side analysts forecast that Compass will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling

In other Compass news, CFO Scott R. Wahlers sold 99,986 shares of the company’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total value of $1,202,831.58. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 234,167 shares of company stock worth $2,651,216 over the last quarter. Insiders own 4.08% of the company’s stock.

Compass News Summary

Here are the key news stories impacting Compass this week:

About Compass

(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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Analyst Recommendations for Compass (NYSE:COMP)

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