Barclays Increases Compass (NYSE:COMP) Price Target to $7.00

Compass (NYSE:COMP) had its target price increased by research analysts at Barclays from $6.00 to $7.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 1.23% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group boosted their price target on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Oppenheimer boosted their price target on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. UBS Group boosted their price target on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of Compass in a research report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Compass presently has an average rating of “Moderate Buy” and a consensus price target of $6.72.

Compass Stock Down 2.5 %

COMP stock opened at $6.92 on Wednesday. The company has a market capitalization of $3.53 billion, a P/E ratio of -17.29 and a beta of 2.90. The company has a 50-day simple moving average of $6.40 and a 200 day simple moving average of $5.24. Compass has a fifty-two week low of $2.57 and a fifty-two week high of $7.69.

Insider Buying and Selling

In other Compass news, CEO Robert L. Reffkin sold 52,501 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $6.90, for a total transaction of $362,256.90. Following the completion of the sale, the chief executive officer now directly owns 947,499 shares in the company, valued at approximately $6,537,743.10. This trade represents a 5.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 1,032,900 shares of company stock valued at $6,777,531. 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.