Compass (NYSE:COMP) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Compass (NYSE:COMP) in a report released on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $8.00 price objective on the stock.

Other analysts have also issued reports about the company. Barclays raised their price target on Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Oppenheimer reissued an “outperform” rating and issued a $8.50 price target (up from $8.00) on shares of Compass in a research note on Friday, November 1st. Finally, UBS Group raised their price target on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.58.

Compass Stock Up 2.7 %

COMP opened at $7.33 on Tuesday. Compass has a 52 week low of $2.42 and a 52 week high of $7.69. The business’s fifty day simple moving average is $6.27 and its 200 day simple moving average is $5.09.

Insider Activity

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the sale, the insider now directly owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. This trade represents a 9.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert L. Reffkin sold 52,501 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $6.90, for a total value of $362,256.90. Following the sale, the chief executive officer now owns 947,499 shares in the company, valued at approximately $6,537,743.10. The trade was a 5.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,237,983 shares of company stock valued at $57,751,622 in the last three months. Corporate insiders own 6.25% of the company’s stock.

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.