Compass (NYSE:COMP) Reaches New 1-Year High – Should You Buy?

Shares of Compass, Inc. (NYSE:COMP) reached a new 52-week high during trading on Thursday . The stock traded as high as $7.69 and last traded at $7.68, with a volume of 4162273 shares changing hands. The stock had previously closed at $7.27.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Oppenheimer lifted their target price on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Compass in a report on Thursday, January 16th. The Goldman Sachs Group increased their target price on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. UBS Group boosted their price target on shares of Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Barclays increased their price objective 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.01.

Compass Price Performance

The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of -18.84 and a beta of 2.92. The firm’s fifty day simple moving average is $6.51 and its 200 day simple moving average is $5.86.

Insider Transactions at Compass

In related news, CEO Robert L. Reffkin sold 49,316 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total transaction of $291,457.56. Following the sale, the chief executive officer now owns 2,950,684 shares in the company, valued at approximately $17,438,542.44. This trade represents a 1.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction dated 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 trade represents a 14.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,536,716 shares of company stock valued at $79,523,984 in the last three months. 6.25% of the stock is owned by corporate 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.