Barclays Lowers Compass (NYSE:COMP) Price Target to $8.00

Compass (NYSE:COMP - Free Report) had its price objective decreased by Barclays from $9.00 to $8.00 in a research note released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other analysts have also recently issued reports on COMP. The Goldman Sachs Group upped 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. Oppenheimer upped their price objective on Compass from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Wells Fargo & Company started coverage on Compass in a report on Monday, April 28th. They issued a "positive" rating and a $8.00 target price for the company. UBS Group decreased their price target on Compass from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Needham & Company LLC restated a "buy" rating and issued a $12.00 price target on shares of Compass in a research report on Friday, March 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Compass has a consensus rating of "Moderate Buy" and an average target price of $9.09.

Compass Price Performance

Shares of NYSE COMP traded down $1.48 during midday trading on Friday, reaching $6.25. 30,808,359 shares of the stock traded hands, compared to its average volume of 5,436,305. The company's 50 day moving average is $8.17 and its 200 day moving average is $7.36. Compass has a one year low of $3.34 and a one year high of $10.25. The stock has a market capitalization of $3.24 billion, a PE ratio of -20.16 and a beta of 2.80.

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

Insider Transactions at Compass

In other news, Director Pamela Thomas-Graham sold 35,683 shares of Compass stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.00, for a total transaction of $321,147.00. Following the completion of the sale, the director now directly owns 93,990 shares in the company, valued at approximately $845,910. This trade represents a 27.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Bradley K. Serwin sold 137,472 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.16, for a total transaction of $1,259,243.52. Following the sale, the general counsel now directly owns 221,595 shares of the company's stock, valued at $2,029,810.20. This represents a 38.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,423,155 shares of company stock worth $122,225,645. 4.08% of the stock is currently owned by company insiders.

Compass Company Profile

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.