Compass (NYSE:COMP) Shares Gap Down Following Insider Selling

Compass, Inc. (NYSE:COMP)’s stock price gapped down prior to trading on Wednesday after an insider sold shares in the company. The stock had previously closed at $5.96, but opened at $5.78. Compass shares last traded at $5.84, with a volume of 300,088 shares.

Specifically, CEO Robert L. Reffkin sold 705,083 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $5.92, for a total transaction of $4,174,091.36. Following the completion of the sale, the chief executive officer now owns 239,219 shares of the company’s stock, valued at $1,416,176.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

Several research firms have issued reports on COMP. The Goldman Sachs Group boosted their price target on Compass from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer reissued an “outperform” rating and set a $6.00 price target on shares of Compass in a report on Wednesday, June 26th. Needham & Company LLC boosted their price target on Compass from $5.00 to $6.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Gordon Haskett raised Compass from an “underperform” rating to a “hold” rating and boosted their price target for the company from $3.00 to $3.75 in a report on Tuesday, June 25th. Finally, Barclays boosted their price target on Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $4.28.

Compass Price Performance

The company has a 50-day moving average price of $4.68 and a 200 day moving average price of $3.99. The firm has a market capitalization of $2.95 billion, a PE ratio of -9.61 and a beta of 2.91.

Compass (NYSE:COMP) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. During the same period in the previous year, the business earned ($0.10) earnings per share. As a group, research analysts anticipate that Compass, Inc. will post -0.39 earnings per share for the current year.

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.