Compass (NYSE:COMP) Price Target Raised to $9.50 at Oppenheimer

Compass (NYSE:COMP) had its price target raised by analysts at Oppenheimer from $8.50 to $9.50 in a report released on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s price target would suggest a potential upside of 30.14% from the company’s previous close.

COMP has been the topic of several other reports. UBS Group lifted their target price on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Barclays boosted their price objective on Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Compass in a research note on Tuesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.08.

Compass Trading Up 2.2 %

Shares of COMP stock traded up $0.16 during trading hours on Tuesday, hitting $7.30. The stock had a trading volume of 832,111 shares, compared to its average volume of 4,560,264. Compass has a one year low of $2.42 and a one year high of $7.69. The stock’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $5.07.

Insider Transactions at Compass

In related news, CEO Robert L. Reffkin sold 496,302 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was 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 directly owns 653,444 shares of the company’s stock, valued at $4,038,283.92. This represents a 43.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the transaction, the insider now 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 disclosure for this sale can be found here. In the last three months, insiders sold 9,237,983 shares of company stock valued at $57,751,622. 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.