Compass (NYSE:COMP) Sets New 1-Year High – Time to Buy?

Shares of Compass, Inc. (NYSE:COMP) hit a new 52-week high during trading on Wednesday . The stock traded as high as $7.25 and last traded at $7.17, with a volume of 3714974 shares. The stock had previously closed at $7.07.

Analysts Set New Price Targets

COMP has been the topic of several research analyst reports. Barclays increased their price target on shares of Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Needham & Company LLC lifted their price target on Compass from $6.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. UBS Group increased their price objective on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Oppenheimer reissued an “outperform” rating and issued a $8.50 target price (up previously from $8.00) on shares of Compass in a research report on Friday, November 1st. Finally, The Goldman Sachs Group raised their price target on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Compass presently has a consensus rating of “Moderate Buy” and an average target price of $5.94.

Compass Stock Up 1.4 %

The firm’s 50-day moving average price is $6.20 and its 200 day moving average price is $5.01.

Insiders Place Their Bets

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm’s 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 sale, the insider now owns 68,070,273 shares in the company, valued at $424,758,503.52. This trade represents a 9.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert L. Reffkin sold 496,302 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.18, for a total value of $3,067,146.36. Following the completion of the transaction, the chief executive officer now owns 653,444 shares of the company’s stock, valued at $4,038,283.92. The trade was a 43.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,237,983 shares of company stock worth $57,751,622 over the last three months. Insiders own 6.25% of the company’s stock.

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.