Compass (NYSE:COMP) Hits New 1-Year High - What's Next?

Compass, Inc. (NYSE:COMP - Get Free Report)'s share price hit 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 Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of Compass in a research note on Thursday, January 16th. Oppenheimer lifted their price target on Compass from $8.50 to $9.50 and gave the company an "outperform" rating in a research note on Tuesday, December 3rd. The Goldman Sachs Group lifted their price target on Compass from $7.00 to $8.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. UBS Group upgraded Compass from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.00 to $11.00 in a research note on Tuesday. Finally, Barclays lifted their price target on Compass from $6.00 to $7.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $7.65.

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Compass Stock Performance

The company has a market cap of $4.02 billion, a price-to-earnings ratio of -19.66 and a beta of 2.95. The company has a fifty day moving average of $6.58 and a two-hundred day moving average of $6.08.

Insider Activity at Compass

In related news, 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert L. Reffkin sold 42,717 shares of the firm's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $6.90, for a total value of $294,747.30. Following the sale, the chief executive officer now directly owns 1,957,283 shares in the company, valued at approximately $13,505,252.70. This trade represents a 2.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,224,628 shares of company stock valued at $77,587,229 in the last 90 days. 6.25% of the stock is 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.