Compass (NYSE:COMP) Price Target Raised to $8.00

Compass (NYSE:COMP) had its target price upped by The Goldman Sachs Group from $7.00 to $8.00 in a report released on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Several other analysts also recently issued reports on COMP. Oppenheimer lifted their target price on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $8.00 target price on shares of Compass in a research note on Tuesday. Barclays lifted their target price on Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, UBS Group lifted their target price on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.58.

Compass Trading Down 1.8 %

Shares of COMP opened at $6.99 on Tuesday. The business’s 50 day moving average is $6.30 and its 200 day moving average is $5.13. The company has a market capitalization of $3.57 billion, a PE ratio of -17.48 and a beta of 2.89. Compass has a 12-month low of $2.56 and a 12-month high of $7.69.

Insiders Place Their Bets

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass 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 owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. The trade was a 9.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 496,302 shares of Compass stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $6.18, for a total value of $3,067,146.36. Following the completion of the transaction, the chief executive officer now owns 653,444 shares of the company’s stock, valued at approximately $4,038,283.92. This trade represents a 43.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,237,983 shares of company stock valued at $57,751,622 in the last quarter. 6.25% of the stock is currently owned by insiders.

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.