Compass (NYSE:COMP) Given New $15.00 Price Target at UBS Group

Key Points

• UBS lowered Compass’s price target from $17 to $15 while maintaining a “Buy” rating, implying approximately 64% upside from the stock’s $9.14 price. The analyst consensus remains “Moderate Buy,” with an average target of $13.36.
• Compass shares fell $0.59 to $9.14 in Wednesday trading. The company recently exceeded quarterly expectations, reporting $0.11 in EPS versus $0.08 expected and revenue of $4.31 billion versus $4.11 billion estimated.
• Analyst sentiment is broadly positive, with one Strong Buy, eleven Buy, and five Hold ratings. CEO Robert Reffkin sold 23,456 shares under a pre-arranged Rule 10b5-1 plan, while institutional investors own 67.05% of the stock.

Compass (NYSE:COMP - Get Free Report) had its price target cut by equities researchers at UBS Group from $17.00 to $15.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price would indicate a potential upside of 64.06% from the company's current price.

A number of other analysts also recently commented on COMP. Oppenheimer upped their target price on Compass from $15.00 to $18.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 5th. Barclays raised their price objective on shares of Compass from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Compass Point set a $11.00 target price on shares of Compass in a report on Wednesday, October 14th. Citizens Jmp started coverage on shares of Compass in a research report on Wednesday, October 14th. They set a "market outperform" rating and a $11.00 price target on the stock. Finally, Citigroup began coverage on shares of Compass in a report on Wednesday, October 14th. They issued an "outperform" rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $13.36.

Compass Stock Performance

Shares of COMP traded down $0.59 during trading hours on Wednesday, reaching $9.14. 12,903,593 shares of the company traded hands, compared to its average volume of 15,929,630. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The business has a fifty day moving average price of $10.11 and a 200-day moving average price of $10.01. Compass has a 12-month low of $6.37 and a 12-month high of $13.95. The stock has a market capitalization of $6.89 billion, a P/E ratio of 152.38 and a beta of 2.32.

Compass (NYSE:COMP - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. Compass had a return on equity of 3.62% and a net margin of 0.63%. The firm had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.11 billion. Equities analysts anticipate that Compass will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert Reffkin sold 23,456 shares of Compass stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $11.70, for a total transaction of $274,435.20. Following the transaction, the chief executive officer owned 7,757,748 shares in the company, valued at approximately $90,765,651.60. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.85% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in COMP. IFP Advisors Inc acquired a new stake in shares of Compass during the second quarter valued at about $31,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Compass in the third quarter valued at $35,000. GAMMA Investing LLC increased its stake in Compass by 57.7% during the third quarter. GAMMA Investing LLC now owns 5,400 shares of the company's stock worth $48,000 after purchasing an additional 1,975 shares during the period. Nykredit A S purchased a new position in shares of Compass in the second quarter valued at approximately $77,000. Finally, Allworth Financial LP acquired a new position in shares of Compass in the second quarter valued at approximately $110,000. 67.05% of the stock is currently owned by hedge funds and other institutional investors.

More Compass News

Here are the key news stories impacting Compass this week:

• Positive Sentiment: Coldwell Banker, an Anywhere brand now associated with Compass, reported that 82% of parents of young children are saving or considering saving for their child’s first home. The survey suggests durable long-term interest in homeownership, although it does not directly affect Compass’s near-term financial results. Coldwell Banker American Dream Report

Compass Company Profile

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.

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