Compass’ (COMP) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Compass (NYSE:COMP) in a research report released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a $10.00 price target on the stock.

Several other research analysts have also issued reports on COMP. Barclays increased their price target on shares of Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. UBS Group lifted their price objective on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Oppenheimer upped their price objective on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group upped their target price 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.01.

Compass Price Performance

Shares of COMP stock opened at $6.75 on Thursday. The stock has a market cap of $3.44 billion, a P/E ratio of -16.86 and a beta of 2.92. The stock has a fifty day moving average price of $6.43 and a 200 day moving average price of $5.68. Compass has a one year low of $2.89 and a one year high of $7.69.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 55,893 shares of the business’s stock in a transaction dated 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 $5,383,296.36. The trade was a 6.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total value of $63,300,000.00. Following the sale, the insider now owns 58,070,273 shares in the company, valued at approximately $367,584,828.09. This represents a 14.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,070,887 shares of company stock valued at $76,305,106 over the last 90 days. 6.25% of the stock is owned by company insiders.

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.