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

Compass (NYSE:COMP) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm presently has a $11.00 price target on the stock, up from their prior price target of $7.00. UBS Group’s price target points to a potential upside of 46.67% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of Compass in a research report on Thursday, January 16th. Barclays boosted their price objective on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Oppenheimer boosted their price objective on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research 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 research report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average 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 has a 50 day moving average of $6.57 and a 200 day moving average of $6.07. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of -18.75 and a beta of 2.95. Compass has a 1-year low of $2.89 and a 1-year high of $7.95.

Insider Activity at Compass

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction on 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert L. Reffkin sold 49,316 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total value of $291,457.56. Following the completion of the sale, the chief executive officer now directly owns 2,950,684 shares in the company, valued at approximately $17,438,542.44. The trade was a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,000,118 shares of company stock worth $75,813,600 over the last quarter. 6.25% of the stock is 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.