Compass (NYSE:COMP) Hits New 1-Year High – What’s Next?

Compass, Inc. (NYSE:COMP)’s share price reached a new 52-week high on Wednesday . The company traded as high as $7.25 and last traded at $7.17, with a volume of 3714974 shares traded. The stock had previously closed at $7.07.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Compass from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer reiterated an “outperform” rating and issued a $8.50 price objective (up previously from $8.00) on shares of Compass in a research note on Friday, November 1st. Barclays boosted their price objective on Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. UBS Group lifted their price target on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC boosted their price target on shares of Compass from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Compass has an average rating of “Moderate Buy” and a consensus target price of $5.94.

Compass Price Performance

The company’s 50 day simple moving average is $6.21 and its 200 day simple moving average is $5.02. The company has a market capitalization of $3.67 billion, a PE ratio of -18.00 and a beta of 2.91.

Insider Activity at Compass

In other Compass news, CEO Robert L. Reffkin sold 55,893 shares of Compass stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $6.92, for a total transaction of $386,779.56. Following the transaction, the chief executive officer now owns 777,933 shares of the company’s stock, valued at $5,383,296.36. The trade was a 6.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. This represents a 9.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,237,983 shares of company stock valued at $57,751,622 in the last ninety days. 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.