Needham & Company LLC Reiterates “Buy” Rating for Compass (NYSE:COMP)

Compass (NYSE:COMP)‘s stock had its “buy” rating restated by Needham & Company LLC in a note issued to investors on Tuesday,Benzinga reports. They presently have a $8.00 price target on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 12.36% from the company’s current price.

Other analysts have also recently issued research reports about the company. UBS Group increased their target price on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Barclays raised their price target on Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $8.50 price target (up previously from $8.00) on shares of Compass in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.58.

Compass Price Performance

Compass stock opened at $7.12 on Tuesday. The stock has a fifty day moving average price of $6.28 and a two-hundred day moving average price of $5.11. Compass has a 52-week low of $2.42 and a 52-week high of $7.69. The firm has a market capitalization of $3.63 billion, a P/E ratio of -17.80 and a beta of 2.89.

Insider Activity at Compass

In other news, CEO Robert L. Reffkin sold 705,083 shares of Compass stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $5.92, for a total transaction of $4,174,091.36. Following the completion of the transaction, the chief executive officer now directly owns 239,219 shares in the company, valued at approximately $1,416,176.48. The trade was a 74.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass stock in a transaction that occurred 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 transaction, the insider now owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. This represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,237,983 shares of company stock valued at $57,751,622. 6.25% of the stock is owned by 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.