Compass (NYSE:COMP) Given Buy Rating at Needham & Company LLC

Compass (NYSE:COMP)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They presently have a $10.00 price objective on the stock. Needham & Company LLC’s price objective points to a potential upside of 50.38% from the company’s current price.

Several other research firms have also issued reports on COMP. Oppenheimer lifted their price target on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Barclays raised their price objective on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. UBS Group upped their target price on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.01.

Compass Stock Up 19.2 %

COMP stock opened at $6.65 on Thursday. The business has a 50 day moving average of $6.43 and a 200 day moving average of $5.62. Compass has a twelve month low of $2.89 and a twelve month high of $7.69. The firm has a market cap of $3.39 billion, a PE ratio of -16.62 and a beta of 2.89.

Insider Buying and Selling at Compass

In other Compass news, CEO Robert L. Reffkin sold 52,501 shares of Compass stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $6.90, for a total value of $362,256.90. Following the completion of the transaction, the chief executive officer now directly owns 947,499 shares of the company’s stock, valued at $6,537,743.10. The trade was a 5.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 58,070,273 shares in the company, valued at approximately $367,584,828.09. This trade represents a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,887,109 shares of company stock worth $75,125,906. 6.25% of the stock is owned by corporate 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.