Wells Fargo & Company Issues Positive Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its target price boosted by Wells Fargo & Company from $9.00 to $12.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 7.59% from the company’s current price.

COMP has been the subject of several other reports. Benchmark started coverage on shares of Compass in a report on Thursday, March 26th. They issued a “buy” rating and a $14.00 price objective for the company. UBS Group reduced their price target on shares of Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Barclays decreased their price target on shares of Compass from $15.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Weiss Ratings raised Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, BTIG Research set a $12.00 target price on Compass in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compass has a consensus rating of “Moderate Buy” and an average target price of $12.88.

Compass Price Performance

COMP opened at $12.98 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. Compass has a 52-week low of $6.12 and a 52-week high of $13.95. The stock’s 50 day moving average price is $9.06 and its 200-day moving average price is $9.64.

Compass (NYSE:COMP) last announced its earnings results on Tuesday, May 5th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.20. Compass had a return on equity of 1.11% and a net margin of 0.17%.The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Analysts forecast that Compass will post 0.1 EPS for the current year.

Insider Buying and Selling

In related news, CEO Robert L. Reffkin sold 23,456 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total transaction of $293,434.56. Following the sale, the chief executive officer owned 7,781,204 shares of the company’s stock, valued at $97,342,862.04. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by 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.