Compass (NYSE:COMP) Earns “Buy” Rating from Needham & Company LLC

Compass (NYSE:COMP)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $8.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 9.59% from the stock’s current price.

COMP has been the subject of several other reports. Oppenheimer reissued an “outperform” rating and issued a $8.50 price objective (up from $8.00) on shares of Compass in a report on Friday, November 1st. Barclays lifted their target price on Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Finally, UBS Group upped their price target on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.94.

Compass Trading Up 2.2 %

NYSE COMP traded up $0.16 during trading hours on Tuesday, reaching $7.30. 832,111 shares of the company traded hands, compared to its average volume of 4,560,264. Compass has a 12 month low of $2.42 and a 12 month high of $7.69. The company has a 50 day moving average of $6.25 and a two-hundred day moving average of $5.07.

Insider Buying and Selling

In other news, CEO Robert L. Reffkin sold 705,083 shares of the stock in a transaction on 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 owns 239,219 shares of the company’s stock, valued at approximately $1,416,176.48. This represents a 74.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass 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 sale, the insider now owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. This represents a 9.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,237,983 shares of company stock valued at $57,751,622 in the last three months. 6.25% of the stock is currently owned by corporate insiders.

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.