Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin Sells 141,061 Shares

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 141,061 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $6.27, for a total transaction of $884,452.47. Following the transaction, the chief executive officer now directly owns 2,000,000 shares of the company’s stock, valued at $12,540,000. This trade represents a 6.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Compass Stock Up 0.2 %

Shares of NYSE:COMP opened at $6.75 on Friday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of -16.86 and a beta of 2.92. The company has a 50 day moving average of $6.43 and a two-hundred day moving average of $5.68. Compass, Inc. has a 52-week low of $2.89 and a 52-week high of $7.69.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on COMP. Barclays boosted their price objective on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. 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. Oppenheimer lifted their price objective on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group increased their target price on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Compass in a research report on Thursday. 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.com, Compass presently has an average rating of “Moderate Buy” and an average price target of $7.01.

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.