Brokerages Set Compass, Inc. (NYSE:COMP) Target Price at $5.53

Compass, Inc. (NYSE:COMP) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.94.

Several analysts have recently issued reports on the company. Barclays upped their price objective on Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. The Goldman Sachs Group upped their price objective on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 1st. UBS Group boosted their target price on 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 boosted their target price on Compass from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, Oppenheimer reissued an “outperform” rating and set a $8.50 target price (up previously from $8.00) on shares of Compass in a research report on Friday, November 1st.

Insider Buying and Selling at Compass

In other Compass news, CEO Robert L. Reffkin sold 705,083 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $5.92, for a total value of $4,174,091.36. Following the transaction, the chief executive officer now owns 239,219 shares of the company’s stock, valued at $1,416,176.48. This represents a 74.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 value 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 trade represents a 9.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,293,681 shares of company stock valued at $58,080,798 in the last quarter. 6.25% of the stock is owned by insiders.

Compass Price Performance

Shares of COMP opened at $6.83 on Friday. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -17.06 and a beta of 2.91. Compass has a 1 year low of $2.08 and a 1 year high of $7.01. The business’s 50 day simple moving average is $6.17 and its 200-day simple moving average is $4.94.

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.