Oppenheimer Forecasts Strong Price Appreciation for Compass (NYSE:COMP) Stock

Compass (NYSE:COMP) had its target price raised by Oppenheimer from $8.50 to $9.50 in a research report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also issued reports on COMP. UBS Group boosted 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. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of Compass in a research note on Tuesday. Finally, Barclays boosted their price target on shares of Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. 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, Compass currently has an average rating of “Moderate Buy” and an average target price of $6.58.

Compass Stock Performance

Shares of COMP opened at $7.33 on Tuesday. Compass has a 12-month low of $2.42 and a 12-month high of $7.69. The company’s 50-day moving average price is $6.27 and its 200 day moving average price is $5.09.

Insider Activity at Compass

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the completion of the transaction, the insider now directly owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. This represents a 9.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 705,083 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $5.92, for a total value of $4,174,091.36. Following the completion of the transaction, the chief executive officer now directly owns 239,219 shares of the company’s stock, valued at $1,416,176.48. This trade represents a 74.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,237,983 shares of company stock valued at $57,751,622 over 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.