Oppenheimer Issues Positive Forecast for Compass (NYSE:COMP) Stock Price

Compass (NYSE:COMP) had its price objective lifted by equities researchers at Oppenheimer from $8.50 to $9.50 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price suggests a potential upside of 30.14% from the company’s previous close.

Several other equities analysts have also weighed in on the company. UBS Group increased their price objective on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays boosted their price objective on Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $8.00 target price on shares of Compass in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.08.

Compass Trading Up 2.2 %

Compass stock traded up $0.16 during trading on Tuesday, hitting $7.30. 832,111 shares of the company were exchanged, compared to its average volume of 4,560,264. Compass has a 52 week low of $2.42 and a 52 week high of $7.69. The business’s 50 day moving average is $6.25 and its 200 day moving average is $5.07.

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. The trade was a 9.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert L. Reffkin sold 705,083 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $5.92, for a total transaction of $4,174,091.36. Following the completion of the sale, the chief executive officer now owns 239,219 shares in the company, valued at $1,416,176.48. This represents a 74.67 % 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. Corporate 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.