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

Compass, Inc. (NYSE:COMP) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $5.94.

Several brokerages recently issued reports on COMP. UBS Group raised their price target on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Oppenheimer reiterated an “outperform” rating and issued a $8.50 target price (up from $8.00) on shares of Compass in a research note on Friday, November 1st. Barclays upped their price target on shares of Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their price objective on shares of Compass from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their target price on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st.

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the sale, the insider now owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. The trade was a 9.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert L. Reffkin sold 814,302 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $4.91, for a total value of $3,998,222.82. Following the transaction, the chief executive officer now directly owns 944,302 shares of the company’s stock, valued at $4,636,522.82. This represents a 46.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,107,983 shares of company stock valued at $62,079,020. Company insiders own 6.25% of the company’s stock.

Compass Stock Up 2.2 %

COMP opened at $6.44 on Friday. The company’s 50-day moving average price is $6.15 and its 200 day moving average price is $4.91. Compass has a fifty-two week low of $1.99 and a fifty-two week high of $7.01. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of -16.10 and a beta of 2.91.

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.