Compass (NYSE:COMP) Reaches New 1-Year High After Analyst Upgrade

Compass, Inc. (NYSE:COMP) hit a new 52-week high during mid-day trading on Tuesday after The Goldman Sachs Group raised their price target on the stock from $7.00 to $8.00. The Goldman Sachs Group currently has a buy rating on the stock. Compass traded as high as $7.69 and last traded at $7.33, with a volume of 4556819 shares traded. The stock had previously closed at $7.14.

A number of other equities analysts also recently commented on the stock. Barclays raised their target price on shares of Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $8.00 target price on shares of Compass in a research note on Tuesday. UBS Group raised their target price on shares of Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer lifted their price target on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Compass has a consensus rating of “Moderate Buy” and a consensus target price of $6.58.

Insider Transactions at Compass

In other news, CEO Robert L. Reffkin sold 496,302 shares of Compass stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.18, for a total value of $3,067,146.36. Following the completion of the transaction, the chief executive officer now directly owns 653,444 shares of the company’s stock, valued at approximately $4,038,283.92. The trade was a 43.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the transaction, the insider now directly owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. This trade represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,237,983 shares of company stock valued at $57,751,622. Insiders own 6.25% of the company’s stock.

Compass Price Performance

The company’s fifty day moving average price is $6.27 and its 200 day moving average price is $5.09.

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.