Robert L. Reffkin Sells 465,829 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 465,829 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $6.91, for a total transaction of $3,218,878.39. Following the completion of the sale, the chief executive officer now directly owns 1,491,454 shares in the company, valued at $10,305,947.14. This trade represents a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Compass Price Performance

Shares of COMP traded up $0.07 during midday trading on Friday, reaching $6.98. The stock had a trading volume of 5,190,584 shares, compared to its average volume of 5,509,065. The company’s fifty day simple moving average is $6.45 and its two-hundred day simple moving average is $5.78. The company has a market cap of $3.56 billion, a price-to-earnings ratio of -17.44 and a beta of 2.92. Compass, Inc. has a 1-year low of $2.89 and a 1-year high of $7.69.

Analyst Ratings Changes

A number of research analysts have commented on the company. The Goldman Sachs Group upped their price target on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. UBS Group raised their target price on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Barclays boosted their price target on shares of Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Compass in a research note on Thursday, January 16th. Finally, Oppenheimer upped their target price on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.01.

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.