Compass, Inc. (NYSE:COMP) Receives $6.72 Average PT from Brokerages

Shares of Compass, Inc. (NYSE:COMP) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $6.72.

A number of equities analysts have weighed in on COMP shares. Oppenheimer boosted their price objective on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and issued a $8.00 price objective on shares of Compass in a report on Tuesday, December 3rd. UBS Group raised their price objective on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Barclays boosted their target price 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 raised their price target 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 related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the transaction, the insider now owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This represents a 14.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert L. Reffkin sold 49,316 shares of Compass stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total value of $291,457.56. Following the completion of the transaction, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at approximately $17,438,542.44. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,887,109 shares of company stock valued at $75,125,906 over the last 90 days. 6.25% of the stock is owned by company insiders.

Compass Price Performance

Shares of Compass stock opened at $5.35 on Friday. The stock’s 50 day simple moving average is $6.48 and its 200-day simple moving average is $5.58. The stock has a market cap of $2.73 billion, a P/E ratio of -13.37 and a beta of 2.92. 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.