Analysts Set Compass, Inc. (NYSE:COMP) Price Target at $6.58

Shares of Compass, Inc. (NYSE:COMP) have received an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Three 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 objective among analysts that have issued a report on the stock in the last year is $6.72.

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

Compass Stock Down 2.0 %

Shares of COMP stock opened at $6.77 on Wednesday. The firm has a market capitalization of $3.45 billion, a P/E ratio of -16.91 and a beta of 2.89. Compass has a twelve month low of $2.78 and a twelve month high of $7.69. The stock’s fifty day simple moving average is $6.41 and its 200 day simple moving average is $5.25.

Insider Activity

In other Compass news, CEO Robert L. Reffkin sold 55,893 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 1,032,900 shares of company stock worth $6,777,531. Company 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.