Compass, Inc. (NYSE:COMP – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $6.70, but opened at $6.51. Compass shares last traded at $6.43, with a volume of 900,651 shares changing hands.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on COMP shares. UBS Group raised their target price on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Oppenheimer lifted their price objective on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and issued a $8.00 price target on shares of Compass in a report on Tuesday, December 3rd. Barclays raised their target price on shares of Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group lifted their target price on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.72.
Read Our Latest Stock Analysis on COMP
Compass Stock Down 0.3 %
Insider Transactions at Compass
In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction that occurred 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 owns 58,070,273 shares in the company, valued at approximately $367,584,828.09. This trade represents a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert L. Reffkin sold 52,501 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $6.90, for a total value of $362,256.90. Following the transaction, the chief executive officer now owns 947,499 shares of the company’s stock, valued at approximately $6,537,743.10. This represents a 5.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,032,900 shares of company stock valued at $70,077,531. 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.
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