Compass (NYSE:COMP) Coverage Initiated at Benchmark

Analysts at Benchmark began coverage on shares of Compass (NYSE:COMP) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating and a $14.00 price target on the stock. Benchmark’s target price points to a potential upside of 97.60% from the stock’s previous close.

A number of other brokerages have also recently commented on COMP. Barclays boosted their target price on shares of Compass from $13.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. The Goldman Sachs Group initiated coverage on shares of Compass in a report on Tuesday, January 27th. They issued a “neutral” rating and a $14.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Compass in a research note on Monday, January 26th. They set an “overweight” rating and a $15.00 target price for the company. Compass Point set a $15.00 target price on shares of Compass in a report on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft upgraded Compass from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.67.

Compass Trading Down 7.0%

Shares of NYSE COMP opened at $7.09 on Thursday. Compass has a 12 month low of $5.66 and a 12 month high of $13.95. The firm has a market capitalization of $5.26 billion, a PE ratio of -70.84 and a beta of 2.57. The firm has a fifty day simple moving average of $10.37 and a two-hundred day simple moving average of $9.76.

Compass (NYSE:COMP) last announced its earnings results on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.69 billion. Compass had a negative return on equity of 7.99% and a negative net margin of 0.84%. On average, sell-side analysts predict that Compass will post 0.09 earnings per share for the current year.

Insider Activity at Compass

In other Compass news, CFO Scott R. Wahlers sold 99,986 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total transaction of $1,202,831.58. Following the sale, the chief financial officer directly owned 250,073 shares of the company’s stock, valued at $3,008,378.19. This trade represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.08% of the stock is owned by insiders.

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.