Compass (NYSE:COMP) Upgraded by UBS Group to “Buy” Rating

Compass (NYSE:COMP) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Finviz reports. The brokerage currently has a $11.00 price target on the stock, up from their prior price target of $7.00. UBS Group’s price target indicates a potential upside of 49.15% from the stock’s previous close.

COMP has been the subject of several other research reports. The Goldman Sachs Group upped their price target on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Compass in a research note on Thursday, January 16th. Barclays increased their price target on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Compass currently has a consensus rating of “Moderate Buy” and an average target price of $7.65.

Compass Stock Down 1.1 %

Shares of NYSE:COMP opened at $7.38 on Tuesday. Compass has a twelve month low of $2.89 and a twelve month high of $7.69. The stock’s 50 day moving average is $6.56 and its 200-day moving average is $6.03. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -18.44 and a beta of 2.95.

Insider Buying and Selling

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the transaction, the insider now directly owns 58,070,273 shares in the company, valued at $367,584,828.09. This trade represents a 14.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert L. Reffkin sold 465,829 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $6.91, for a total value of $3,218,878.39. Following the transaction, the chief executive officer now owns 1,491,454 shares in the company, valued at approximately $10,305,947.14. The trade was a 23.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,245,974 shares of company stock worth $77,514,923 in the last ninety days. 6.25% of the stock is 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.