Compass (NYSE:COMP) Given New $7.00 Price Target at Barclays

Compass (NYSE:COMP) had its price target upped by stock analysts at Barclays from $6.00 to $7.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential downside of 1.41% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group raised their price target on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. UBS Group lifted their price target on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Needham & Company LLC restated a “buy” rating and issued a $8.00 price objective on shares of Compass in a report on Tuesday, December 3rd. Finally, Oppenheimer lifted their target price on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.72.

Compass Stock Up 2.7 %

NYSE:COMP traded up $0.19 during trading hours on Wednesday, hitting $7.10. 1,279,465 shares of the stock were exchanged, compared to its average volume of 4,534,249. The company’s 50 day moving average is $6.37 and its two-hundred day moving average is $5.21. The company has a market capitalization of $3.62 billion, a P/E ratio of -17.73 and a beta of 2.90. Compass has a twelve month low of $2.57 and a twelve month high of $7.69.

Insider Transactions at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of Compass stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $6.24, for a total value of $46,800,000.00. Following the transaction, the insider now owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. The trade was a 9.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert L. Reffkin sold 496,302 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.18, for a total transaction of $3,067,146.36. Following the completion of the sale, the chief executive officer now directly owns 653,444 shares in the company, valued at $4,038,283.92. This represents a 43.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,532,900 shares of company stock valued at $53,577,531 over the last three months. 6.25% of the stock is currently owned by corporate 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.