Barclays Issues Pessimistic Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP - Free Report) had its price target trimmed by Barclays from $9.00 to $8.00 in a report published on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities analysts also recently issued reports about the stock. UBS Group decreased their price target on shares of Compass from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group boosted their target price on shares of Compass from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Thursday, March 27th. Wells Fargo & Company started coverage on shares of Compass in a research note on Monday, April 28th. They issued a "positive" rating and a $8.00 price target for the company. Needham & Company LLC reiterated a "buy" rating and set a $12.00 price objective on shares of Compass in a report on Friday, March 14th. Finally, Oppenheimer upped their price target on Compass from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.09.

Compass Stock Performance

NYSE COMP traded down $0.11 on Friday, reaching $6.35. The company had a trading volume of 6,614,668 shares, compared to its average volume of 5,471,691. The company's fifty day moving average is $8.07 and its 200-day moving average is $7.36. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of -20.48 and a beta of 2.80. Compass has a 1-year low of $3.34 and a 1-year high of $10.25.

Compass (NYSE:COMP - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The firm had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter in the previous year, the business posted ($0.09) EPS. On average, research analysts forecast that Compass will post 0.09 earnings per share for the current year.

Insider Activity

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $9.15, for a total value of $91,500,000.00. Following the sale, the insider now owns 48,070,273 shares in the company, valued at approximately $439,842,997.95. This trade represents a 17.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Scott R. Wahlers sold 250,000 shares of Compass stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total value of $2,317,500.00. Following the sale, the chief accounting officer now owns 329,187 shares of the company's stock, valued at approximately $3,051,563.49. This trade represents a 43.16% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,198,645 shares of company stock worth $120,452,016. 4.08% of the stock is owned by company insiders.

About Compass

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.