Compass (NYSE:COMP) Shares Gap Up – Still a Buy?

Shares of Compass, Inc. (NYSE:COMP) gapped up prior to trading on Wednesday . The stock had previously closed at $5.58, but opened at $6.37. Compass shares last traded at $6.59, with a volume of 2,354,863 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on COMP shares. Oppenheimer increased their price target on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group increased their price target on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Barclays raised their price objective on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Compass in a research report on Thursday. Finally, UBS Group raised their price objective on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Compass has a consensus rating of “Moderate Buy” and an average target price of $7.01.

Compass Stock Up 1.0 %

The firm has a market cap of $3.43 billion, a P/E ratio of -16.81 and a beta of 2.92. The company’s 50 day simple moving average is $6.43 and its 200-day simple moving average is $5.64.

Insiders Place Their Bets

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction that occurred on 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 completion of the sale, the insider now owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert L. Reffkin sold 49,316 shares of Compass 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 sale, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,887,109 shares of company stock valued at $75,125,906 over the last 90 days. 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.