UBS Group Upgrades Compass (NYSE:COMP) to “Buy”

Compass (NYSE:COMP) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The firm currently has a $11.00 target price on the stock, up from their previous target price of $7.00. UBS Group’s price target would indicate a potential upside of 46.67% from the stock’s current price.

Several other equities research analysts have also weighed in on the company. The Goldman Sachs Group lifted their price objective on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Barclays lifted their price objective on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Oppenheimer lifted their price objective on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Compass in a report on Thursday, January 16th. Two 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.65.

Compass Price Performance

NYSE COMP opened at $7.50 on Tuesday. The business’s fifty day moving average is $6.57 and its 200-day moving average is $6.07. Compass has a one year low of $2.89 and a one year high of $7.95. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of -18.75 and a beta of 2.95.

Insider Buying and Selling at Compass

In other Compass news, CEO Robert L. Reffkin sold 465,829 shares of Compass stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $6.91, for a total transaction of $3,218,878.39. Following the completion of the transaction, the chief executive officer now owns 1,491,454 shares of the company’s stock, valued at $10,305,947.14. The trade was a 23.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total value 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. The trade was a 14.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,000,118 shares of company stock valued at $75,813,600 in the last quarter. 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.