Needham & Company LLC Issues Pessimistic Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP - Free Report) had its price target trimmed by Needham & Company LLC from $12.00 to $11.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has a buy rating on the stock.

COMP has been the subject of a number of other research reports. Morgan Stanley increased their target price on shares of Compass from $6.00 to $8.50 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. The Goldman Sachs Group boosted their target price on Compass from $10.00 to $11.00 and gave the stock 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 set a "positive" rating and a $8.00 target price on the stock. UBS Group lowered their target price on Compass from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, Oppenheimer raised their price target on shares of Compass from $12.00 to $13.00 and gave the stock an "outperform" rating in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Compass presently has an average rating of "Moderate Buy" and a consensus price target of $9.09.

Compass Stock Performance

Compass stock traded down $0.11 during midday trading on Friday, reaching $6.35. The stock had a trading volume of 6,614,668 shares, compared to its average volume of 5,471,691. The stock's 50-day simple moving average is $8.07 and its 200 day simple moving average is $7.36. The stock has a market capitalization of $3.29 billion, a PE ratio of -20.48 and a beta of 2.80. Compass has a twelve month low of $3.34 and a twelve month high of $10.25.

Compass (NYSE:COMP - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. The business had revenue of $1.38 billion for the quarter, compared to analysts' expectations 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 in the previous year, the firm posted ($0.09) earnings per share. Equities analysts predict that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Transactions at Compass

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

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.