Compass (NYSE:COMP) Sets New 12-Month High on Analyst Upgrade

Compass, Inc. (NYSE:COMP)’s share price reached a new 52-week high on Tuesday after The Goldman Sachs Group raised their price target on the stock from $7.00 to $8.00. The Goldman Sachs Group currently has a buy rating on the stock. Compass traded as high as $7.69 and last traded at $7.33, with a volume of 4556819 shares. The stock had previously closed at $7.14.

Other research analysts have also recently issued research reports about the stock. Oppenheimer boosted their price objective on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group upped their price target on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Needham & Company LLC restated a “buy” rating and issued a $8.00 price target on shares of Compass in a report on Tuesday. Finally, Barclays lifted their target price on shares of Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.58.

Insider Buying and Selling at Compass

In other news, CEO Robert L. Reffkin sold 705,083 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $5.92, for a total transaction of $4,174,091.36. Following the completion of the transaction, the chief executive officer now directly owns 239,219 shares in the company, valued at approximately $1,416,176.48. This represents a 74.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the transaction, the insider now directly owns 68,070,273 shares in the company, valued at $424,758,503.52. The trade was a 9.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,237,983 shares of company stock worth $57,751,622. Insiders own 6.25% of the company’s stock.

Compass Trading Up 2.7 %

The company has a 50 day moving average of $6.27 and a 200-day moving average of $5.09.

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.