Compass (NYSE:COMP) Upgraded at Benchmark

Compass (NYSE:COMP) was upgraded by Benchmark to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the stock. BTIG Research increased their price objective on shares of Compass from $12.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass in a report on Wednesday, January 21st. Compass Point set a $15.00 price target on Compass in a report on Monday, January 26th. Wall Street Zen downgraded Compass from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded Compass from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.67.

Compass Price Performance

NYSE:COMP opened at $7.61 on Wednesday. The business’s 50-day simple moving average is $10.49 and its 200-day simple moving average is $9.78. Compass has a fifty-two week low of $5.66 and a fifty-two week high of $13.95. The stock has a market capitalization of $5.65 billion, a PE ratio of -76.04 and a beta of 2.57.

Compass (NYSE:COMP) last posted its earnings results on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Compass had a negative return on equity of 7.99% and a negative net margin of 0.84%. On average, research analysts expect that Compass will post 0.09 earnings per share for the current year.

Insider Transactions at Compass

In related news, CFO Scott R. Wahlers sold 99,986 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.