Compass (NYSE:COMP) Given New $9.50 Price Target at Oppenheimer

Compass (NYSE:COMP) had its target price hoisted by Oppenheimer from $8.50 to $9.50 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts have also issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 target price on shares of Compass in a report on Tuesday. UBS Group boosted their price target on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Barclays boosted their price target on shares of Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.58.

Compass Stock Up 2.7 %

NYSE:COMP opened at $7.33 on Tuesday. The company has a 50 day moving average price of $6.27 and a 200-day moving average price of $5.09. Compass has a 1-year low of $2.42 and a 1-year high of $7.69.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 705,083 shares of Compass stock in a transaction on Monday, September 9th. The shares were sold at an average price of $5.92, for a total transaction of $4,174,091.36. Following the sale, the chief executive officer now owns 239,219 shares of the company’s stock, valued at $1,416,176.48. The trade was a 74.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the sale, the insider now directly owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. This trade represents a 9.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,237,983 shares of company stock valued at $57,751,622 in the last 90 days. 6.25% of the stock is owned by 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.