Compass, Inc. (NYSE:COMP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Compass, Inc. (NYSE:COMP) have been assigned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $9.09.

A number of equities analysts recently commented on the stock. Needham & Company LLC lowered their price target on shares of Compass from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Wells Fargo & Company began coverage on shares of Compass in a report on Monday, April 28th. They set a “positive” rating and a $8.00 target price on the stock. The Goldman Sachs Group boosted their price target on Compass from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Barclays dropped their price objective on Compass from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Friday, May 9th. Finally, Morgan Stanley reduced their target price on Compass from $8.50 to $8.00 and set an “equal weight” rating on the stock in a report on Friday, May 9th.

Compass Trading Up 2.4%

NYSE:COMP opened at $6.31 on Wednesday. The stock has a 50 day simple moving average of $7.02 and a 200 day simple moving average of $7.32. The stock has a market cap of $3.29 billion, a P/E ratio of -20.35 and a beta of 2.60. Compass has a 1-year low of $3.34 and a 1-year high of $10.25.

Insider Activity at Compass

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 48,070,273 shares of the company’s stock, valued at $439,842,997.95. This represents a 17.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.08% of the stock is currently owned by insiders.

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.