Compass (NYSE:COMP) Price Target Raised to $9.50 at Oppenheimer

Compass (NYSE:COMP) had its price target hoisted by Oppenheimer from $8.50 to $9.50 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also commented on the company. UBS Group increased their price target on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Barclays raised their price target on shares of Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Compass in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.58.

Compass Stock Performance

COMP stock opened at $6.99 on Tuesday. The company has a market capitalization of $3.57 billion, a P/E ratio of -17.48 and a beta of 2.89. Compass has a 52-week low of $2.56 and a 52-week high of $7.69. The business has a 50-day simple moving average of $6.30 and a two-hundred day simple moving average of $5.13.

Insider Activity

In other news, CEO Robert L. Reffkin sold 55,893 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $6.92, for a total transaction of $386,779.56. Following the completion of the transaction, the chief executive officer now owns 777,933 shares in the company, valued at approximately $5,383,296.36. This represents a 6.70 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’s 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 completion of the sale, the insider now owns 68,070,273 shares in the company, valued at $424,758,503.52. This represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,237,983 shares of company stock valued at $57,751,622 in the last three months. Company insiders own 6.25% 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.