Analysts Set Compass, Inc. (NYSE:COMP) Target Price at $11.67

Compass, Inc. (NYSE:COMP) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $11.8889.

COMP has been the subject of several recent research reports. Zacks Research upgraded Compass from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Odeon Capital Group assumed coverage on Compass in a research note on Wednesday, November 19th. They set a “buy” rating for the company. BTIG Research boosted their price target on Compass from $12.50 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Wells Fargo & Company increased their price objective on Compass from $8.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Compass Point set a $13.00 target price on shares of Compass in a research report on Monday, December 8th.

Compass Trading Up 2.1%

NYSE:COMP opened at $12.86 on Thursday. The company has a 50-day moving average of $10.64 and a 200-day moving average of $8.91. Compass has a twelve month low of $5.66 and a twelve month high of $13.53. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of -116.91 and a beta of 2.53.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%.The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. On average, research 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 company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total transaction of $230,483.00. Following the completion of the sale, the general counsel owned 258,712 shares in the company, valued at approximately $2,845,832. This represents a 7.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Scott R. Wahlers sold 99,986 shares of Compass stock in a transaction that occurred on Wednesday, January 7th. The shares were 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 in the company, valued at approximately $3,008,378.19. This represents a 28.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 234,167 shares of company stock valued at $2,651,216 over the last quarter. 4.08% of the stock is currently owned by corporate 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.