Compass, Inc. (NYSE:COMP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Compass, Inc. (NYSE:COMP) has been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat reports. Four 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 price objective among brokers that have issued a report on the stock in the last year is $5.53.

Several analysts have commented on the company. The Goldman Sachs Group raised their price objective on Compass from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group increased 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 restated an “outperform” rating and set a $8.50 target price (up from $8.00) on shares of Compass in a report on Friday, November 1st. Needham & Company LLC lifted their price objective on Compass from $6.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Barclays increased their price objective on shares of Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st.

Insider Activity at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the stock in a transaction on 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 transaction, the insider now owns 68,070,273 shares in the company, valued at $424,758,503.52. This represents a 9.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert L. Reffkin sold 164,514 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $4.90, for a total transaction of $806,118.60. Following the completion of the transaction, the chief executive officer now owns 835,486 shares in the company, valued at $4,093,881.40. The trade was a 16.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,530,339 shares of company stock worth $58,116,669. 6.25% of the stock is owned by corporate insiders.

Compass Price Performance

Shares of COMP opened at $6.32 on Friday. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of -15.80 and a beta of 2.91. The company has a 50-day moving average of $6.13 and a 200 day moving average of $4.83. Compass has a 1-year low of $1.99 and a 1-year high of $7.01.

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.