Compass, Inc. (NYSE:COMP) Receives $7.01 Consensus Target Price from Brokerages

Compass, Inc. (NYSE:COMP) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.01.

A number of analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Compass in a research report on Thursday, January 16th. Oppenheimer boosted their price objective on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group increased their target price on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Barclays boosted their price target on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Finally, UBS Group raised their price objective on shares of Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd.

Compass Stock Up 3.4 %

COMP opened at $7.49 on Thursday. The company has a fifty day moving average price of $6.54 and a two-hundred day moving average price of $5.96. Compass has a 1-year low of $2.89 and a 1-year high of $7.69.

Insider Activity

In related news, CEO Robert L. Reffkin sold 182,348 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $6.91, for a total transaction of $1,260,024.68. Following the completion of the sale, the chief executive officer now directly owns 1,395,602 shares of the company’s stock, valued at approximately $9,643,609.82. This trade represents a 11.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total value of $63,300,000.00. Following the completion of the transaction, the insider now directly owns 58,070,273 shares in the company, valued at approximately $367,584,828.09. This represents a 14.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,428,322 shares of company stock worth $78,774,948 over the last quarter. Insiders own 6.25% 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.