Compass, Inc. (NYSE:COMP) Receives $9.09 Consensus PT from Brokerages

Shares of Compass, Inc. (NYSE:COMP - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $9.09.

A number of research analysts recently issued reports on the stock. Barclays lowered their price target on shares of Compass from $9.00 to $8.00 and set an "equal weight" rating for the company in a research report on Friday, May 9th. Wells Fargo & Company began coverage on shares of Compass in a research note on Monday, April 28th. They issued a "positive" rating and a $8.00 price target on the stock. Oppenheimer reiterated an "outperform" rating and issued a $12.00 price target (down previously from $13.00) on shares of Compass in a research note on Friday, May 9th. Needham & Company LLC cut their target price on Compass from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, The Goldman Sachs Group increased their target price on Compass from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, March 27th.

Compass Price Performance

COMP traded up $0.15 on Wednesday, hitting $6.31. The company had a trading volume of 6,948,996 shares, compared to its average volume of 5,666,105. Compass has a 52-week low of $3.34 and a 52-week high of $10.25. The stock has a fifty day simple moving average of $7.02 and a 200-day simple moving average of $7.31. The firm has a market capitalization of $3.29 billion, a P/E ratio of -20.35 and a beta of 2.60.

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $9.15, for a total value of $91,500,000.00. Following the sale, the insider now owns 48,070,273 shares of the company's stock, valued at approximately $439,842,997.95. This represents a 17.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.08% 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.