Compass (NYSE:COMP) Price Target Raised to $12.00

Compass (NYSE:COMP) had its price target lifted by The Goldman Sachs Group from $10.50 to $12.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also commented on the stock. Barclays increased their target price on shares of Compass from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday. Wells Fargo & Company upped their target price on Compass from $12.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday. UBS Group lifted their price target on Compass from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Morgan Stanley upped their price target on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Compass in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.15.

Compass Stock Down 0.0%

Shares of Compass stock opened at $12.58 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. Compass has a 1 year low of $6.37 and a 1 year high of $13.95. The stock has a 50-day moving average price of $10.80 and a 200 day moving average price of $9.75. The company has a market cap of $9.40 billion, a P/E ratio of 209.65 and a beta of 2.36.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.11 billion. Compass had a return on equity of 4.56% and a net margin of 0.63%. As a group, analysts expect that Compass will post 0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of Compass stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $11.70, for a total value of $274,435.20. Following the completion of the sale, the chief executive officer directly owned 7,757,748 shares in the company, valued at $90,765,651.60. The trade was a 0.30% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 70,368 shares of company stock worth $748,246 over the last 90 days. 2.85% of the stock is currently owned by company insiders.

More Compass News

Here are the key news stories impacting Compass this week:

• Positive Sentiment: Analysts see additional upside: Wells Fargo raised its price target to $13 from $12 while maintaining an equal-weight rating. Goldman Sachs also increased its target to $12 from $10.50. Zelman & Associates reaffirmed a neutral rating but set a $13.50 target, implying potential upside from recent levels. Wells Fargo Compass analyst update
• Positive Sentiment: Better-than-expected earnings support the stock: Compass reported quarterly revenue of $4.31 billion versus the $4.11 billion consensus estimate and adjusted earnings of $0.11 per share versus expectations of $0.08. Record net income, strong cash flow and faster-than-planned cost synergies reinforce the company’s profitability improvement story. Compass second-quarter results
• Neutral Sentiment: Analyst sentiment remains mixed: Zelman’s neutral rating contrasts with buy and outperform ratings from several other firms. The average analyst target is approximately $14.21, but the high valuation and limited profitability leave investors sensitive to execution and housing-market conditions. Zelman neutral rating
• Neutral Sentiment: CEO insider sale was limited: CEO Robert Reffkin sold 23,456 shares for about $274,000 under a pre-arranged Rule 10b5-1 plan. The transaction reduced his holdings by only 0.30%, making it a relatively weak bearish signal. Compass SEC insider filing
• Negative Sentiment: Private-listings controversy is the key overhang: Sen. Elizabeth Warren questioned Compass’s partnership with Chicago’s MRED private-listing network, arguing that the arrangement could increase risks of civil-rights violations and discriminatory access to housing. The criticism adds regulatory, reputational and potential legal risk while a congressional inquiry remains active. Compass defended the strategy as beneficial to consumers and agents, but the controversy may limit near-term upside. Senator Warren questions Compass private listings deal

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.