Compass (NYSE:COMP) Price Target Raised to $7.00

Compass (NYSE:COMP) had its price target boosted by Barclays from $6.00 to $7.00 in a report published on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer increased their target price on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group boosted their price target on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 price objective on shares of Compass in a research report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.72.

Compass Trading Down 2.0 %

COMP stock opened at $6.77 on Wednesday. The company has a market capitalization of $3.45 billion, a P/E ratio of -16.91 and a beta of 2.89. The business has a 50 day simple moving average of $6.41 and a 200-day simple moving average of $5.25. Compass has a twelve month low of $2.78 and a twelve month high of $7.69.

Insider Buying and Selling

In other Compass news, 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 sale, the chief executive officer now owns 653,444 shares of the company’s stock, valued at approximately $4,038,283.92. The trade was a 43.17 % 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. Insiders sold 1,032,900 shares of company stock valued at $6,777,531 over the last ninety days. Corporate 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.