Needham & Company LLC Reaffirms “Buy” Rating for Compass (NYSE:COMP)

Compass (NYSE:COMP)‘s stock had its “buy” rating restated by analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports. They presently have a $10.00 price objective on the stock. Needham & Company LLC’s price target would indicate a potential upside of 48.26% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Barclays raised their price objective 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 raised their price objective on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer raised their price objective on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, UBS Group raised their price objective on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.01.

Compass Price Performance

NYSE:COMP opened at $6.75 on Thursday. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of -16.86 and a beta of 2.92. Compass has a 1 year low of $2.89 and a 1 year high of $7.69. The business has a 50 day simple moving average of $6.43 and a 200-day simple moving average of $5.64.

Insider Buying and Selling

In other Compass news, CEO Robert L. Reffkin sold 55,893 shares of Compass stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $6.92, for a total transaction of $386,779.56. Following the completion of the sale, the chief executive officer now directly owns 777,933 shares of the company’s stock, valued at $5,383,296.36. The trade was a 6.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction 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 sale, the insider now directly owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This trade represents a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,070,887 shares of company stock valued at $76,305,106. 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.