Insider Selling: Compass, Inc. (NYSE:COMP) CEO Sells 775,490 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 775,490 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $7.91, for a total value of $6,134,125.90. Following the transaction, the chief executive officer now directly owns 363,646 shares of the company’s stock, valued at approximately $2,876,439.86. This trade represents a 68.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Robert L. Reffkin also recently made the following trade(s):

• On Wednesday, February 19th, Robert L. Reffkin sold 2,000,000 shares of Compass stock. The shares were sold at an average price of $9.46, for a total value of $18,920,000.00.

Compass Stock Performance

Shares of COMP stock opened at $9.76 on Friday. Compass, Inc. has a 52-week low of $2.89 and a 52-week high of $10.25. The company has a market capitalization of $4.98 billion, a PE ratio of -31.48 and a beta of 2.95. The business’s fifty day moving average is $6.76 and its 200 day moving average is $6.23.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the business posted ($0.09) earnings per share. On average, sell-side analysts forecast that Compass, Inc. will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COMP shares. The Goldman Sachs Group raised their price target on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday. Needham & Company LLC raised their price target on Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer raised their price target on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley raised their price target on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, UBS Group raised their price target on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.69.

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.