Compass (NYSE:COMP) Rating Increased to Buy at Wall Street Zen

Compass (NYSE:COMP) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Thursday.

COMP has been the topic of a number of other reports. BTIG Research increased their price objective on shares of Compass from $12.50 to $15.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. UBS Group set a $10.00 target price on Compass in a research report on Tuesday. Barclays raised Compass from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $9.00 to $13.00 in a research report on Monday, December 8th. Finally, Zacks Research raised Compass from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.67.

Compass Trading Up 1.0%

Shares of COMP stock opened at $12.29 on Thursday. Compass has a twelve month low of $5.66 and a twelve month high of $13.53. The stock has a fifty day simple moving average of $10.47 and a two-hundred day simple moving average of $8.82. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of -111.70 and a beta of 2.53.

Compass (NYSE:COMP) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. Research analysts predict that Compass will post 0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the business’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total transaction of $230,483.00. Following the transaction, the general counsel directly owned 258,712 shares in the company, valued at $2,845,832. The trade was a 7.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott R. Wahlers sold 99,986 shares of the company’s stock in a transaction dated 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 directly owned 250,073 shares in the company, valued at $3,008,378.19. This represents a 28.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 234,167 shares of company stock valued at $2,651,216 in the last three months. Insiders own 4.08% of the company’s stock.

Compass Company Profile

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.