Barclays Issues Positive Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its price objective boosted by Barclays from $6.00 to $7.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 1.23% from the stock’s current price.

Several other analysts also recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $8.00 target price on shares of Compass in a research note on Tuesday, December 3rd. Oppenheimer raised their price objective on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group upped their target price 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. Finally, The Goldman Sachs Group raised their price target on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.72.

Compass Stock Performance

Shares of NYSE COMP opened at $6.92 on Wednesday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of -17.29 and a beta of 2.90. The business’s 50-day simple moving average is $6.40 and its 200-day simple moving average is $5.24. Compass has a 52 week low of $2.57 and a 52 week high of $7.69.

Insider Transactions at Compass

In other news, CEO Robert L. Reffkin sold 55,893 shares of Compass stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $6.92, for a total transaction of $386,779.56. Following the sale, the chief executive officer now directly owns 777,933 shares in the company, valued at approximately $5,383,296.36. The trade was a 6.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have sold 1,032,900 shares of company stock worth $6,777,531. 6.25% of the stock is currently owned by company insiders.

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.