Brokerages Set Compass, Inc. (NYSE:COMP) Price Target at $5.53

Compass, Inc. (NYSE:COMP) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.53.

Several research firms have issued reports on COMP. UBS Group lifted their price objective on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Oppenheimer reiterated an “outperform” rating and set a $8.50 price objective (up from $8.00) on shares of Compass in a research note on Friday, November 1st. The Goldman Sachs Group boosted their target price on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Needham & Company LLC increased their price target on shares of Compass from $6.00 to $8.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Barclays boosted their price objective on Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st.

Insider Buying and Selling

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.24, for a total value of $46,800,000.00. Following the sale, the insider now owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. This trade represents a 9.92 % 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 55,698 shares of Compass stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $5.91, for a total transaction of $329,175.18. Following the completion of the sale, the chief executive officer now owns 944,302 shares in the company, valued at approximately $5,580,824.82. This represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,107,983 shares of company stock worth $62,079,020 over the last quarter. 6.25% of the stock is owned by company insiders.

Compass Price Performance

NYSE:COMP opened at $6.19 on Friday. The firm has a 50-day moving average of $6.13 and a two-hundred day moving average of $4.87. The stock has a market cap of $3.16 billion, a P/E ratio of -15.46 and a beta of 2.91. Compass has a 1-year low of $1.99 and a 1-year high of $7.01.

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.