Compass (NYSE:COMP) Reaches New 12-Month High – Here’s What Happened

Compass, Inc. (NYSE:COMP)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $7.95 and last traded at $7.84, with a volume of 1282010 shares. The stock had previously closed at $7.38.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays raised their target price on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group increased their price objective on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Compass in a research note on Thursday, January 16th. UBS Group upgraded shares of Compass from a “neutral” rating to a “buy” rating and upped their target price for the stock from $7.00 to $11.00 in a research report on Tuesday. Finally, Oppenheimer raised their price target on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Compass currently has an average rating of “Moderate Buy” and a consensus price target of $7.65.

Compass Stock Performance

The firm’s 50-day moving average price is $6.57 and its 200 day moving average price is $6.07. The company has a market cap of $3.83 billion, a price-to-earnings ratio of -18.75 and a beta of 2.95.

Insider Buying and Selling at Compass

In related 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 transaction of $63,300,000.00. Following the transaction, the insider now 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert L. Reffkin sold 496,302 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $6.18, for a total transaction of $3,067,146.36. Following the transaction, the chief executive officer now owns 653,444 shares of the company’s stock, valued at approximately $4,038,283.92. This represents a 43.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,000,118 shares of company stock worth $75,813,600. 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.