Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin Sells 49,316 Shares

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 49,316 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total transaction of $291,457.56. Following the completion of the sale, the chief executive officer now directly owns 2,950,684 shares in the company, valued at approximately $17,438,542.44. This represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Compass Stock Up 1.4 %

Shares of COMP stock opened at $5.88 on Friday. Compass, Inc. has a 52-week low of $2.89 and a 52-week high of $7.69. The stock’s 50-day moving average price is $6.51 and its 200 day moving average price is $5.51. The stock has a market capitalization of $3.00 billion, a PE ratio of -14.70 and a beta of 2.89.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COMP shares. Needham & Company LLC reissued a “buy” rating and issued a $8.00 target price on shares of Compass in a report on Tuesday, December 3rd. Oppenheimer upped their price objective on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Barclays lifted their target price on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. UBS Group upped their target price on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group lifted their price target on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Compass presently has an average rating of “Moderate Buy” and a consensus price target of $6.72.

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.