Compass (NYSE:COMP) Hits New 1-Year High – Should You Buy?

Compass, Inc. (NYSE:COMP) shares reached a new 52-week high on Tuesday . The company traded as high as $7.95 and last traded at $7.84, with a volume of 1282010 shares traded. The stock had previously closed at $7.38.

Analyst Ratings Changes

Several research firms recently commented on COMP. The Goldman Sachs Group upped their price target on shares of Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer increased their target price on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Compass in a research note on Thursday, January 16th. UBS Group upgraded Compass from a “neutral” rating to a “buy” rating and upped their target price for the company from $7.00 to $11.00 in a research report on Tuesday. Finally, Barclays raised their price target on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.65.

Compass Price Performance

The stock has a market cap of $3.90 billion, a P/E ratio of -19.09 and a beta of 2.95. The stock has a 50-day simple moving average of $6.56 and a 200-day simple moving average of $6.03.

Insider Activity at Compass

In related news, CEO Robert L. Reffkin sold 496,302 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.18, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’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 transaction, the insider now directly owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This represents a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,245,974 shares of company stock valued at $77,514,923. 6.25% of the stock is owned by 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.