Compass (NYSE:COMP) Coverage Initiated at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. initiated coverage on shares of Compass (NYSE:COMP) in a research report issued on Monday, MarketBeat reports. The firm set an “overweight” rating and a $15.00 price target on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 13.99% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company upped their price target on Compass from $8.00 to $13.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. BTIG Research raised their price target on shares of Compass from $12.50 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. Compass Point set a $15.00 price target on shares of Compass in a report on Monday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass in a research note on Wednesday, January 21st. Finally, UBS Group set a $10.00 target price on shares of Compass in a report on Tuesday, January 13th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Compass Stock Performance

NYSE:COMP opened at $13.16 on Monday. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of -119.63 and a beta of 2.53. Compass has a one year low of $5.66 and a one year high of $13.95. The business’s 50-day simple moving average is $11.17 and its 200 day simple moving average is $9.26.

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

Insider Activity

In other news, CFO Scott R. Wahlers sold 99,986 shares of the business’s stock in a transaction on Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total value of $1,202,831.58. Following the sale, the chief financial officer owned 250,073 shares of the company’s stock, valued at approximately $3,008,378.19. The trade was a 28.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $230,483.00. Following the completion of the sale, the general counsel owned 258,712 shares of the company’s stock, valued at approximately $2,845,832. This trade represents a 7.49% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 234,167 shares of company stock worth $2,651,216. 4.08% of the stock is 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.