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

Shares of Compass, Inc. (NYSE:COMP) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.01.

Several research analysts have recently issued reports on COMP shares. UBS Group upped their price target on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Compass in a research report on Thursday, January 16th. Oppenheimer boosted their price target on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Barclays raised their price objective on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

Insiders Place Their Bets

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 58,070,273 shares in the company, valued at $367,584,828.09. This represents a 14.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 42,717 shares of the stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $6.90, for a total transaction of $294,747.30. Following the completion of the sale, the chief executive officer now owns 1,957,283 shares of the company’s stock, valued at approximately $13,505,252.70. This represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,536,716 shares of company stock valued at $79,523,984. Corporate insiders own 6.25% of the company’s stock.

Compass Price Performance

COMP stock opened at $7.29 on Thursday. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of -18.21 and a beta of 2.92. The company has a 50 day simple moving average of $6.51 and a 200 day simple moving average of $5.86. Compass has a 1 year low of $2.89 and a 1 year 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.