Compass (NYSE:COMP) CEO Sells 23,456 Shares

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 23,456 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total value of $293,434.56. Following the transaction, the chief executive officer owned 7,781,204 shares in the company, valued at approximately $97,342,862.04. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Trading Up 0.4%

NYSE COMP traded up $0.05 on Thursday, hitting $12.60. The company’s stock had a trading volume of 16,123,181 shares, compared to its average volume of 17,682,133. Compass, Inc. has a 52-week low of $6.12 and a 52-week high of $13.95. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The company’s 50-day simple moving average is $8.77 and its 200 day simple moving average is $9.60. The firm has a market cap of $9.41 billion, a P/E ratio of 629.85 and a beta of 2.34.

Compass (NYSE:COMP) last posted its earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Research analysts predict that Compass, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

COMP has been the subject of several research reports. Weiss Ratings upgraded shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. Morgan Stanley lifted their price objective on Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Wells Fargo & Company reduced their target price on Compass from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, BTIG Research set a $12.00 target price on Compass in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Compass presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.62.

About Compass

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.