Compass (NYSE:COMP) Shares Gap Up – Here’s What Happened

Compass, Inc. (NYSE:COMP) shares 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 trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. UBS Group raised their price objective on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Oppenheimer boosted their price objective on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Barclays boosted their price objective on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and issued a $8.00 price objective on shares of Compass in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price objective on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Compass has a consensus rating of “Moderate Buy” and an average price target of $6.72.

Compass Price Performance

The company has a market capitalization of $3.34 billion, a P/E ratio of -16.37 and a beta of 2.92. The company has a fifty day moving average price of $6.43 and a 200 day moving average price of $5.62.

Insider Transactions at Compass

In other news, CEO Robert L. Reffkin sold 55,893 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $6.92, for a total transaction of $386,779.56. Following the completion of the sale, the chief executive officer now owns 777,933 shares in the company, valued at approximately $5,383,296.36. This represents a 6.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total value of $63,300,000.00. Following the sale, the insider now owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. This trade represents a 14.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,887,109 shares of company stock worth $75,125,906. Company 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.