The Goldman Sachs Group Forecasts Strong Price Appreciation for Compass (NYSE:COMP) Stock

Compass (NYSE:COMP) had its price objective boosted by equities research analysts at The Goldman Sachs Group from $7.00 to $8.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 12.36% from the company’s previous close.

A number of other equities analysts have also commented on the company. Barclays raised their price target on Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price target on shares of Compass in a report on Tuesday. Oppenheimer raised their price target on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a report on Tuesday. Finally, 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Compass has a consensus rating of “Moderate Buy” and an average target price of $6.58.

Compass Trading Down 2.9 %

Shares of NYSE COMP opened at $7.12 on Tuesday. The stock has a fifty day simple moving average of $6.28 and a two-hundred day simple moving average of $5.11. Compass has a 1-year low of $2.42 and a 1-year high of $7.69. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of -17.80 and a beta of 2.89.

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 sale, the chief executive officer now owns 947,499 shares in the company, valued at $6,537,743.10. This trade represents a 5.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were 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 in the company, valued at $424,758,503.52. The trade was a 9.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,237,983 shares of company stock worth $57,751,622. Corporate 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.