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

Shares of Compass, Inc. (NYSE:COMP) have been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $5.53.

Several brokerages have recently weighed in on COMP. Oppenheimer restated an “outperform” rating and issued a $8.50 price objective (up previously from $8.00) on shares of Compass in a report on Friday, November 1st. The Goldman Sachs Group raised their price objective on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Thursday, August 1st. UBS Group boosted their target price 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 increased their target price on shares of Compass from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Barclays lifted their price target on shares of Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st.

Insiders Place Their Bets

In related news, CEO Robert L. Reffkin sold 814,302 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $4.91, for a total value of $3,998,222.82. Following the completion of the sale, the chief executive officer now directly owns 944,302 shares of the company’s stock, valued at approximately $4,636,522.82. This represents a 46.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert L. Reffkin sold 55,698 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $5.91, for a total value of $329,175.18. Following the sale, the chief executive officer now owns 944,302 shares of the company’s stock, valued at $5,580,824.82. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,107,983 shares of company stock worth $62,079,020 over the last ninety days. 6.25% of the stock is currently owned by company insiders.

Compass Price Performance

COMP opened at $6.19 on Friday. The business has a 50 day moving average price of $6.13 and a two-hundred day moving average price of $4.87. The company has a market capitalization of $3.16 billion, a price-to-earnings 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.