Needham & Company LLC Reiterates Buy Rating for Compass (NYSE:COMP)

Compass (NYSE:COMP)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They presently have a $10.00 price objective on the stock. Needham & Company LLC’s target price suggests a potential upside of 50.38% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. 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 note on Wednesday, December 11th. The Goldman Sachs Group upped their price objective on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. UBS Group upped 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. Finally, Oppenheimer raised their price objective on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Compass has a consensus rating of “Moderate Buy” and an average price target of $7.01.

Compass Stock Up 19.2 %

NYSE:COMP opened at $6.65 on Thursday. The company has a market capitalization of $3.39 billion, a PE ratio of -16.62 and a beta of 2.89. Compass has a 52-week low of $2.89 and a 52-week high of $7.69. The stock’s 50 day moving average price is $6.43 and its 200 day moving average price is $5.62.

Insider Activity

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction that occurred on 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 transaction, the insider now directly owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. This trade represents a 14.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert L. Reffkin sold 49,316 shares of the business’s stock in a transaction 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 directly owns 2,950,684 shares in the company, valued at approximately $17,438,542.44. This trade 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 worth $75,125,906 over the last 90 days. 6.25% of the stock is currently 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.