Compass (NYSE:COMP) Hits New 12-Month High – What’s Next?

Compass, Inc. (NYSE:COMP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.95 and last traded at $7.84, with a volume of 1282010 shares. The stock had previously closed at $7.38.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COMP shares. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Compass in a research note on Thursday, January 16th. Barclays lifted their price objective on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group increased their target price on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer raised their target price on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, UBS Group upgraded shares of Compass from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $7.00 to $11.00 in a report on Tuesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Compass currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.65.

Compass Stock Performance

The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of -18.75 and a beta of 2.95. The firm’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $6.07.

Insider Buying and Selling at Compass

In related news, CEO Robert L. Reffkin sold 49,316 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total transaction of $291,457.56. Following the completion of the sale, the chief executive officer now owns 2,950,684 shares in the company, valued at $17,438,542.44. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction dated 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 transaction, the insider now directly owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. This represents a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,000,118 shares of company stock valued at $75,813,600. 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.