Compass (NYSE:COMP) Trading 4.9% Higher

Shares of Compass, Inc. (NYSE:COMP) were up 4.9% during trading on Wednesday . The stock traded as high as $3.45 and last traded at $3.45. 770,319 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,948,288 shares. The stock had previously closed at $3.29.

Analysts Set New Price Targets

COMP has been the subject of several research reports. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 target price on shares of Compass in a report on Wednesday, February 28th. Barclays lifted their price objective on Compass from $2.50 to $4.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. UBS Group boosted their price objective on Compass from $2.25 to $3.50 and gave the company a “neutral” rating in a report on Friday, March 1st. BTIG Research lowered their target price on Compass from $4.50 to $4.30 and set a “buy” rating for the company in a report on Thursday, February 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $6.00 target price (up from $5.50) on shares of Compass in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $3.78.

Compass Stock Up 3.5 %

The firm has a 50 day moving average price of $3.56 and a 200-day moving average price of $3.02.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.17). The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. Compass had a negative return on equity of 70.51% and a negative net margin of 6.58%. During the same quarter last year, the company earned ($0.36) EPS. Analysts anticipate that Compass, Inc. will post -0.32 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $3.66, for a total transaction of $36,600,000.00. Following the completion of the sale, the insider now directly owns 92,470,273 shares of the company’s stock, valued at approximately $338,441,199.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.89% of the stock is owned by insiders.

About Compass

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.