Compass (NYSE:COMP) Upgraded to “Buy” at UBS Group

UBS Group upgraded shares of Compass (NYSE:COMP) from a neutral rating to a buy rating in a research note published on Tuesday morning, Marketbeat reports. The firm currently has $11.00 target price on the stock, up from their previous target price of $7.00.

Several other research firms also recently commented on COMP. Barclays upped their price objective on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. The Goldman Sachs Group upped their price target on shares of 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 shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Compass in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.65.

Compass Trading Up 0.8 %

COMP stock opened at $7.44 on Tuesday. Compass has a 1-year low of $2.89 and a 1-year high of $7.95. The business’s 50 day simple moving average is $6.56 and its 200 day simple moving average is $6.06. The firm has a market capitalization of $3.80 billion, a PE ratio of -18.60 and a beta of 2.95.

Insiders Place Their Bets

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the sale, the insider now directly owns 58,070,273 shares in the company, valued at $367,584,828.09. This represents a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert L. Reffkin sold 49,316 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total transaction of $291,457.56. Following the completion of the transaction, the chief executive officer now owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. The trade was a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,245,974 shares of company stock worth $77,514,923 in the last quarter. 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.