Compass (NYSE:COMP) Trading Up 7.8% Following Analyst Upgrade

Key Points

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Shares of Compass, Inc. (NYSE:COMP - Get Free Report) traded up 7.8% on Thursday after Oppenheimer raised their price target on the stock from $10.00 to $11.00. Oppenheimer currently has an outperform rating on the stock. Compass traded as high as $7.75 and last traded at $7.80. 5,746,169 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 7,146,143 shares. The stock had previously closed at $7.23.

Several other research analysts have also commented on the company. Barclays reduced their price target on Compass from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 15th. Wells Fargo & Company reduced their target price on Compass from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Monday, July 7th. Compass Point set a $9.00 target price on Compass in a research report on Monday, June 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $11.00 target price on shares of Compass in a research report on Thursday. Finally, UBS Group upped their target price on Compass from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.44.

Compass Price Performance

The business has a fifty day moving average price of $6.48 and a two-hundred day moving average price of $7.37. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -78.09 and a beta of 2.61.

Compass (NYSE:COMP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.07 earnings per share for the quarter, meeting analysts' consensus estimates of $0.07. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.08 billion. Compass had a negative return on equity of 10.83% and a negative net margin of 0.85%. On average, research analysts predict that Compass, Inc. will post 0.09 earnings per share for the current year.

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.