Compass’ (COMP) Outperform Rating Reaffirmed at Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Compass (NYSE:COMP) in a research report sent to investors on Friday morning, Benzinga reports. They currently have a $8.50 target price on the stock, up from their previous target price of $8.00.

A number of other analysts have also recently issued reports on COMP. The Goldman Sachs Group lifted their target price on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, August 1st. UBS Group upped their price objective 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 stock a “buy” rating in a research report on Thursday. Finally, Barclays boosted their price target on Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.17.

Compass Price Performance

Shares of Compass stock opened at $6.41 on Friday. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -16.02 and a beta of 2.91. The stock has a 50-day simple moving average of $5.85 and a 200-day simple moving average of $4.61. Compass has a 52-week low of $1.88 and a 52-week high of $6.78.

Insider Buying and Selling

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the sale, the insider now owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the transaction, the insider now directly owns 68,070,273 shares in the company, valued at $424,758,503.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert L. Reffkin sold 27,664 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $4.17, for a total transaction of $115,358.88. Following the completion of the sale, the chief executive officer now owns 393,486 shares in the company, valued at $1,640,836.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,267,261 shares of company stock valued at $56,222,967. 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.