Robert L. Reffkin Sells 2,000,000 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 2,000,000 shares of Compass stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total value of $18,920,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Compass Trading Down 4.7 %

COMP opened at $9.76 on Friday. The business’s fifty day simple moving average is $6.76 and its 200-day simple moving average is $6.23. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of -31.48 and a beta of 2.95. Compass, Inc. has a 12-month low of $2.89 and a 12-month high of $10.25.

Compass (NYSE:COMP) last announced its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. During the same period in the prior year, the company posted ($0.09) EPS. On average, equities research analysts predict that Compass, Inc. will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

COMP has been the topic of several recent analyst reports. UBS Group increased their price objective on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC upped their price objective on Compass from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group increased their price target on shares of Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley raised their price objective on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Oppenheimer boosted their target price on shares of Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.69.

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.