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

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 23,456 shares of Compass stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $7.69, for a total transaction of $180,376.64. Following the completion of the sale, the chief executive officer directly owned 7,804,660 shares of the company’s stock, 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 document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Trading Down 2.5%

COMP stock traded down $0.20 during midday trading on Friday, hitting $7.69. The stock had a trading volume of 7,195,862 shares, compared to its average volume of 17,935,207. The firm has a market cap of $5.74 billion, a PE ratio of 384.25 and a beta of 2.43. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. Compass, Inc. has a 12-month low of $5.87 and a 12-month high of $13.95. The company’s 50-day moving average price is $7.81 and its 200 day moving average price is $9.66.

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

Compass News Summary

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COMP. Morgan Stanley boosted their price objective on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. BTIG Research set a $12.00 price target on shares of Compass in a research report on Wednesday, April 15th. Weiss Ratings raised shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Barclays decreased their price target on shares of Compass from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Benchmark began coverage on shares of Compass in a research report on Thursday, March 26th. They set a “buy” rating and a $14.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.