Compass, Inc. (NYSE:COMP) Given Average Rating of “Moderate Buy” by Analysts

Compass, Inc. (NYSE:COMP) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.58.

A number of research firms have weighed in on COMP. UBS Group boosted their target price on shares of Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Barclays raised 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. Oppenheimer raised their price target on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group raised their price target on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $8.00 price target on shares of Compass in a research note on Tuesday, December 3rd.

Insider Buying and Selling

In other Compass news, CEO Robert L. Reffkin sold 55,893 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $6.92, for a total value of $386,779.56. Following the sale, the chief executive officer now directly owns 777,933 shares of the company’s stock, valued at approximately $5,383,296.36. The trade was a 6.70 % decrease in their ownership of the stock. The transaction 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 the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the transaction, the insider now owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. The trade was a 9.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,532,900 shares of company stock valued at $53,577,531 over the last quarter. 6.25% of the stock is owned by company insiders.

Compass Stock Performance

Shares of COMP stock opened at $6.92 on Wednesday. The company has a 50-day simple moving average of $6.35 and a two-hundred day simple moving average of $5.19. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of -17.29 and a beta of 2.90. Compass has a 52-week low of $2.57 and a 52-week high of $7.69.

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.