Compass (NYSE:COMP) Raised to Buy at UBS Group

UBS Group upgraded shares of Compass (NYSE:COMP) from a neutral rating to a buy rating in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have $11.00 target price on the stock, up from their previous target price of $7.00.

Several other research analysts also recently issued reports on COMP. Barclays upped their price target on shares of Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Oppenheimer increased their target price on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of Compass in a report on Thursday, January 16th. Finally, The Goldman Sachs Group upped their price objective on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.65.

Compass Trading Up 0.8 %

COMP opened at $7.44 on Tuesday. The company’s 50 day moving average is $6.56 and its 200-day moving average is $6.06. The company has a market cap of $3.80 billion, a P/E ratio of -18.60 and a beta of 2.95. Compass has a 1-year low of $2.89 and a 1-year high of $7.95.

Insider Buying and Selling

In related news, CEO Robert L. Reffkin sold 49,316 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total transaction of $291,457.56. Following the completion of the sale, the chief executive officer now owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. This trade represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total value of $63,300,000.00. Following the completion of the sale, the insider now owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,245,974 shares of company stock valued at $77,514,923 over the last quarter. Insiders own 6.25% of the company’s stock.

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.