Compass (NYSE:COMP) Sets New 52-Week High – What’s Next?

Compass, Inc. (NYSE:COMP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $7.95 and last traded at $7.84, with a volume of 1282010 shares changing hands. The stock had previously closed at $7.38.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. UBS Group upgraded Compass from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $11.00 in a research report on Tuesday. 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. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of Compass in a research report on Thursday, January 16th. Finally, Barclays upped their target price 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $7.65.

Compass Trading Up 3.5 %

The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -19.09 and a beta of 2.95. The company has a 50 day moving average of $6.56 and a 200 day moving average of $6.03.

Insider Activity

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction that occurred 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 sale, the insider now directly owns 58,070,273 shares in the company, valued at $367,584,828.09. This trade represents a 14.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert L. Reffkin sold 42,717 shares of the stock in a transaction on Friday, January 17th. The stock was sold at an average price of $6.90, for a total transaction of $294,747.30. Following the transaction, the chief executive officer now owns 1,957,283 shares of the company’s stock, valued at $13,505,252.70. The trade was a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,245,974 shares of company stock worth $77,514,923 in the last 90 days. Corporate 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.