Compass (NYSE:COMP) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Compass (NYSE:COMP) had its price target hoisted by analysts at The Goldman Sachs Group from $7.00 to $8.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 9.59% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. UBS Group increased their price objective on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of Compass in a research note on Tuesday. Oppenheimer upped their price objective on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Barclays raised their target price on shares of Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.58.

Compass Price Performance

Compass stock traded up $0.16 during trading hours on Tuesday, hitting $7.30. The company had a trading volume of 1,585,712 shares, compared to its average volume of 4,562,527. The company has a 50-day moving average price of $6.25 and a two-hundred day moving average price of $5.07. Compass has a 1 year low of $2.42 and a 1 year high of $7.69.

Insider Transactions at Compass

In other news, CEO Robert L. Reffkin sold 705,083 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $5.92, for a total value of $4,174,091.36. Following the completion of the transaction, the chief executive officer now directly owns 239,219 shares in the company, valued at $1,416,176.48. This trade represents a 74.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the sale, the insider now directly owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. This trade represents a 9.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,237,983 shares of company stock worth $57,751,622. 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.