Wells Fargo & Company Boosts Compass (NYSE:COMP) Price Target to $8.00

Compass (NYSE:COMP) had its target price boosted by equities research analysts at Wells Fargo & Company from $7.00 to $8.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential downside of 6.59% from the stock’s current price.

COMP has been the topic of a number of other reports. BTIG Research boosted their target price on shares of Compass from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Zacks Research cut shares of Compass from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Compass in a report on Tuesday. Oppenheimer upped their price target on shares of Compass from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Barclays set a $9.00 price target on shares of Compass in a report on Wednesday. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Compass presently has a consensus rating of “Hold” and a consensus target price of $9.89.

Compass Stock Up 2.4%

Compass stock traded up $0.20 during midday trading on Wednesday, hitting $8.56. 3,220,719 shares of the stock were exchanged, compared to its average volume of 8,346,191. Compass has a 52-week low of $5.10 and a 52-week high of $10.25. The stock has a market capitalization of $4.50 billion, a price-to-earnings ratio of -85.34 and a beta of 2.56. The business’s 50-day moving average price is $8.25 and its 200-day moving average price is $7.44.

Insiders Place Their Bets

In other Compass news, General Counsel Bradley K. Serwin sold 13,065 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $9.50, for a total transaction of $124,117.50. Following the completion of the sale, the general counsel owned 252,221 shares of the company’s stock, valued at $2,396,099.50. This represents a 4.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.08% of the stock is owned by 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.