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SoftBank (TYO:9984) Vision Fund (AIV M1) L.P., through its wholly owned subsidiaries SVF Excalibur (Cayman) Ltd and SVF Endurance (Cayman) Ltd, has sold 10 million shares of Compass , Inc. (NYSE:COMP), according to a recent SEC filing. Compass, currently valued at $5.2 billion, has seen its stock surge over 170% in the past year, making it one of the market’s strongest performers in the real estate management sector. The shares were sold at a price of $9.15 each, totaling approximately $91.5 million. This transaction leaves SoftBank and its affiliates with ownership of 48,070,273 shares in Compass. The sale is part of SoftBank’s broader strategy managed by SB Investment Advisers (UK) Ltd, which oversees the fund’s investment decisions. According to InvestingPro analysis, Compass is currently trading near its Fair Value, with analysts projecting sales growth and a return to profitability this year. For deeper insights into Compass’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Compass Inc. has seen a series of analyst updates following its financial results and strategic initiatives. UBS analyst Chris Kuntarich raised the price target for Compass to $12.00, citing stronger than anticipated first-quarter guidance and the company’s acquisition of Christie’s. UBS also upgraded Compass’s stock rating to Buy, projecting significant growth in revenue and EBITDA. Similarly, Needham analysts increased their price target to $12.00 after the integration of Christie’s and better-than-expected fourth-quarter results, highlighting Compass’s effective marketing strategy.
Morgan Stanley (NYSE:MS) adjusted its price target for Compass to $8.50, maintaining an Equalweight rating due to the company’s strong operational execution in a challenging real estate market. Oppenheimer’s Jason Helfstein also raised Compass’s price target to $12.00, driven by positive fourth-quarter pre-announcements and potential changes in real estate policies. These developments reflect a broad consensus among analysts about Compass’s ability to capitalize on market opportunities and strategic acquisitions. The raised price targets and ratings from multiple firms indicate a positive outlook for Compass as it navigates the current economic environment.
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