Compass (NYSE:COMP) Upgraded to Strong-Buy at Benchmark

Benchmark upgraded shares of Compass (NYSE:COMP) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also recently issued reports on the stock. Compass Point set a $15.00 target price on shares of Compass in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft raised shares of Compass from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, January 20th. JPMorgan Chase & Co. began coverage on shares of Compass in a research note on Monday, January 26th. They set an “overweight” rating and a $15.00 price target on the stock. BTIG Research lifted their price target on shares of Compass from $12.50 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, Wall Street Zen cut shares of Compass from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.67.

Compass Trading Down 4.0%

Compass stock opened at $7.61 on Wednesday. The stock has a fifty day moving average price of $10.49 and a 200 day moving average price of $9.78. Compass has a 52 week low of $5.66 and a 52 week high of $13.95. The firm has a market capitalization of $5.65 billion, a P/E ratio of -76.04 and a beta of 2.57.

Compass (NYSE:COMP) last issued its quarterly 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 during the quarter, compared to analyst estimates of $1.69 billion. Compass had a negative return on equity of 7.99% and a negative net margin of 0.84%. As a group, equities analysts predict that Compass will post 0.09 EPS for the current year.

Insider Activity

In related news, CFO Scott R. Wahlers sold 99,986 shares of the firm’s stock in a transaction that occurred on Wednesday, January 7th. The shares were 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 in the company, valued at approximately $3,008,378.19. This trade represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.08% of the company’s stock.

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.