Compass, Inc. (NYSE:COMP) Receives $6.72 Consensus Target Price from Brokerages

Compass, Inc. (NYSE:COMP) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $6.72.

COMP has been the subject of several research reports. Barclays lifted their price target on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group lifted their price objective on shares of Compass from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and issued a $8.00 target price on shares of Compass in a report on Tuesday, December 3rd. Oppenheimer increased their price target on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, UBS Group raised 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.

Insider Transactions at Compass

In related news, CEO Robert L. Reffkin sold 49,316 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total value of $291,457.56. Following the sale, the chief executive officer now directly owns 2,950,684 shares in the company, valued at approximately $17,438,542.44. The trade was a 1.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the transaction, the insider now 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. Insiders have sold 11,082,216 shares of company stock worth $70,368,989 in the last ninety days. Company insiders own 6.25% of the company’s stock.

Compass Stock Performance

Shares of Compass stock opened at $5.59 on Friday. Compass has a 52 week low of $2.89 and a 52 week high of $7.69. The stock has a 50 day moving average price of $6.51 and a two-hundred day moving average price of $5.56. The stock has a market capitalization of $2.85 billion, a PE ratio of -13.97 and a beta of 2.92.

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.