Excalibur (Cayman) Ltd Svf Sells 10,000,000 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $91,500,000.00. Following the sale, the insider now directly owns 48,070,273 shares of the company’s stock, valued at approximately $439,842,997.95. This trade represents a 17.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Compass Trading Down 0.4 %

Compass stock opened at $9.36 on Friday. Compass, Inc. has a 52 week low of $3.03 and a 52 week high of $10.25. The stock has a market cap of $4.80 billion, a P/E ratio of -30.18 and a beta of 2.88. The stock has a 50 day moving average of $8.27 and a 200-day moving average of $6.95.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.38 billion. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. During the same period in the prior year, the firm posted ($0.09) EPS. As a group, equities analysts predict that Compass, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COMP has been the topic of a number of recent research reports. Morgan Stanley boosted their price objective on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and set a $12.00 price target on shares of Compass in a research report on Friday, March 14th. Oppenheimer increased their price objective on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. Barclays boosted their target price on shares of Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group raised their price target on shares of Compass from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Compass presently has an average rating of “Moderate Buy” and a consensus target price of $9.89.

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.