Compass (NYSE:COMP) Given New $4.50 Price Target at The Goldman Sachs Group

Compass (NYSE:COMP) had its price objective raised by The Goldman Sachs Group from $4.00 to $4.50 in a report published on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Oppenheimer reiterated an outperform rating and issued a $6.00 target price on shares of Compass in a research report on Wednesday, June 26th. Needham & Company LLC reiterated a buy rating and set a $5.00 price objective on shares of Compass in a research report on Thursday, May 9th. Barclays increased their price objective on shares of Compass from $4.00 to $5.00 and gave the company an equal weight rating in a research note on Thursday. Gordon Haskett upgraded Compass from an underperform rating to a hold rating and boosted their price target for the stock from $3.00 to $3.75 in a report on Tuesday, June 25th. Finally, UBS Group lifted their target price on Compass from $3.50 to $4.00 and gave the stock a neutral rating in a report on Tuesday, May 14th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Compass presently has a consensus rating of Hold and a consensus target price of $4.28.

Compass Stock Performance

NYSE:COMP traded down $0.06 during mid-day trading on Thursday, hitting $4.20. 2,679,622 shares of the stock were exchanged, compared to its average volume of 4,421,339. The firm’s 50-day simple moving average is $3.90 and its 200 day simple moving average is $3.69. Compass has a fifty-two week low of $1.82 and a fifty-two week high of $4.89. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -6.37 and a beta of 2.88.

Compass (NYSE:COMP) last announced its earnings results on Wednesday, May 8th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). Compass had a negative net margin of 4.53% and a negative return on equity of 56.79%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. On average, analysts predict that Compass will post -0.38 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the stock in a transaction dated Thursday, May 16th. The shares were 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 approximately $324,952,173.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.25% 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.