Robert Reffkin Sells 23,456 Shares of Compass (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 23,456 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $7.69, for a total value of $180,376.64. Following the transaction, the chief executive officer owned 7,804,660 shares in the company, valued at $60,017,835.40. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Price Performance

Compass stock opened at $7.69 on Friday. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 384.25 and a beta of 2.43. Compass, Inc. has a 52-week low of $5.87 and a 52-week high of $13.95. The stock’s 50 day moving average price is $7.81 and its two-hundred day moving average price is $9.65. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.20. The firm had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. On average, equities analysts predict that Compass, Inc. will post 0.1 earnings per share for the current year.

Key Stories Impacting Compass

Here are the key news stories impacting Compass this week:

• Negative Sentiment: Compass is reportedly being investigated by the New York Attorney General over antitrust concerns tied to its recently announced megamerger with Anywhere, raising the risk of regulatory action and possible operational constraints. Compass stock plunges after report on antitrust probe by New York Attorney General office
• Negative Sentiment: Media coverage said the antitrust news helped drive a sharp drop in Compass shares, suggesting investors are pricing in legal and deal-related uncertainty rather than focusing on fundamentals. AG’s antitrust probe decimates Compass stock price by nearly 13%
• Neutral Sentiment: Separately, one article referenced Compass in the context of an investor letter and noted the stock fell despite an earnings beat and faster deal closure, but it did not add a new company-specific catalyst beyond the regulatory overhang. Compass (COMP) Fell Despite Earnings Beat and Faster Deal Closure

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on COMP shares. Barclays cut their price target on Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. UBS Group cut their price target on Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Weiss Ratings upgraded Compass from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Morgan Stanley increased their price target on Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Benchmark assumed coverage on Compass in a report on Thursday, March 26th. They set a “buy” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.63.

Compass Company Profile

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.