Compass (NYSE:COMP) Upgraded by UBS Group to “Buy” Rating

Compass (NYSE:COMP) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Tuesday,Finviz reports. The firm currently has a $11.00 price objective on the stock, up from their previous price objective of $7.00. UBS Group’s price objective suggests a potential upside of 49.15% from the stock’s previous close.

Several other analysts have also commented on COMP. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Compass in a report on Thursday, January 16th. Oppenheimer boosted their price target on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Barclays boosted their price target on 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 boosted their price target on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Compass currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.65.

Compass Price Performance

Shares of COMP opened at $7.38 on Tuesday. Compass has a one year low of $2.89 and a one year high of $7.69. The firm has a market capitalization of $3.76 billion, a P/E ratio of -18.44 and a beta of 2.95. The business has a fifty day moving average of $6.56 and a 200 day moving average of $6.03.

Insider Transactions at Compass

In other news, CEO Robert L. Reffkin sold 804,893 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $5.91, for a total value of $4,756,917.63. Following the completion of the sale, the chief executive officer now directly owns 2,145,791 shares of the company’s stock, valued at $12,681,624.81. This trade represents a 27.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s 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 completion of the sale, the insider now directly owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,245,974 shares of company stock valued at $77,514,923 over the last 90 days. Company insiders own 6.25% of the company’s stock.

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.