Compass’ (COMP) Buy Rating Reiterated at Needham & Company LLC

Compass (NYSE:COMP)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $8.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 9.59% from the stock’s previous close.

A number of other research analysts also recently weighed in on COMP. Barclays raised their price objective on Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. UBS Group lifted their target price on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $8.50 price target (up from $8.00) on shares of Compass in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.94.

Compass Stock Up 2.2 %

Shares of COMP stock traded up $0.16 on Tuesday, hitting $7.30. The company’s stock had a trading volume of 832,111 shares, compared to its average volume of 4,560,264. Compass has a fifty-two week low of $2.42 and a fifty-two week high of $7.69. The firm’s fifty day moving average price is $6.25 and its 200-day moving average price is $5.07.

Insider Activity at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $6.24, for a total value of $46,800,000.00. Following the sale, the insider now owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. The trade was 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 496,302 shares of the stock in a transaction 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 completion of 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. Over the last 90 days, insiders sold 9,237,983 shares of company stock worth $57,751,622. 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.