Needham & Company LLC Has Lowered Expectations for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP - Free Report) had its price objective reduced by Needham & Company LLC from $12.00 to $11.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Wells Fargo & Company started coverage on shares of Compass in a report on Monday, April 28th. They set a "positive" rating and a $8.00 price target on the stock. Oppenheimer raised their target price on shares of Compass from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. UBS Group decreased their target price on shares of Compass from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Morgan Stanley increased their price target on Compass from $6.00 to $8.50 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group raised their price target on Compass from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $9.09.

Compass Stock Performance

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

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

Insider Transactions at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $9.15, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert L. Reffkin sold 224,510 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $7.90, for a total transaction of $1,773,629.00. Following the completion of the transaction, the chief executive officer now owns 1,139,136 shares of the company's stock, valued at approximately $8,999,174.40. The trade was a 16.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,423,155 shares of company stock worth $122,225,645 in the last three months. Corporate insiders own 4.08% of the company's stock.

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.