Analysts Set Compass, Inc. (NYSE:COMP) PT at $6.72

Shares of Compass, Inc. (NYSE:COMP) have been assigned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.72.

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Needham & Company LLC restated a “buy” rating and set a $8.00 target price on shares of Compass in a report on Tuesday, December 3rd. Barclays raised their price target on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their price objective on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 55,893 shares of the company’s stock in a transaction that occurred 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 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 is accessible through the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $367,584,828.09. This represents a 14.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,082,216 shares of company stock worth $70,368,989. 6.25% of the stock is currently owned by corporate insiders.

Compass Stock Performance

Shares of COMP opened at $5.59 on Friday. Compass has a fifty-two week low of $2.89 and a fifty-two week high of $7.69. The firm has a 50 day moving average price of $6.51 and a 200-day moving average price of $5.56. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of -13.97 and a beta of 2.92.

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.