Compass (NYSE:COMP) Receives “Outperform” Rating from Oppenheimer

Compass (NYSE:COMP)‘s stock had its “outperform” rating reissued by equities research analysts at Oppenheimer in a research note issued on Wednesday, Benzinga reports. They currently have a $6.00 price objective on the stock. Oppenheimer’s price target would suggest a potential upside of 69.97% from the stock’s current price.

A number of other equities research analysts have also recently commented on COMP. Barclays increased their price target on Compass from $2.50 to $4.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective on shares of Compass in a research note on Thursday, May 9th. UBS Group lifted their price target on Compass from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Tuesday, May 14th. The Goldman Sachs Group boosted their price objective on Compass from $3.50 to $4.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, BTIG Research cut their price objective on Compass from $4.50 to $4.30 and set a “buy” rating for the company in a research report on Thursday, February 29th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.00.

Compass Stock Performance

Compass stock traded down $0.01 during mid-day trading on Wednesday, hitting $3.53. The company’s stock had a trading volume of 1,377,419 shares, compared to its average volume of 4,350,058. The company has a 50 day moving average of $3.68 and a 200-day moving average of $3.57. The stock has a market cap of $1.75 billion, a PE ratio of -5.69 and a beta of 2.91. Compass has a one year low of $1.82 and a one year high of $4.68.

Compass (NYSE:COMP) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Compass had a negative return on equity of 71.71% and a negative net margin of 6.10%. On average, equities research analysts forecast that Compass will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $4.30, for a total transaction of $72,670,000.00. Following the transaction, the insider now owns 75,570,273 shares of the company’s stock, valued at $324,952,173.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.25% of the stock is currently owned by corporate 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.