Compass, Inc. (NYSE:COMP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Compass, Inc. (NYSE:COMP) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $6.72.

A number of research firms recently commented on COMP. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target on shares of Compass in a research note on Tuesday, December 3rd. UBS Group raised their price objective on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Oppenheimer boosted their target price on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group raised 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. Finally, Barclays boosted their price objective on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th.

Compass Trading Up 1.4 %

Compass stock opened at $5.88 on Friday. Compass has a 52 week low of $2.89 and a 52 week high of $7.69. The stock has a market cap of $3.00 billion, a P/E ratio of -14.70 and a beta of 2.89. The stock has a 50 day moving average of $6.51 and a 200-day moving average of $5.51.

Insider Transactions at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total value of $63,300,000.00. Following the sale, the insider now directly owns 58,070,273 shares in the company, valued at approximately $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert L. Reffkin sold 55,893 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $6.92, for a total transaction 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. This represents a 6.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,082,216 shares of company stock worth $70,368,989. Company insiders own 6.25% of the company’s stock.

Compass Company Profile

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.