Compass (NYSE:COMP) CEO Robert Reffkin Sells 83,333 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 83,333 shares of the stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $10.10, for a total value of $841,663.30. Following the completion of the sale, the chief executive officer owned 432,463 shares of the company’s stock, valued at approximately $4,367,876.30. This trade represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Stock Up 1.8%

Shares of COMP stock traded up $0.18 during trading hours on Friday, reaching $10.22. 9,223,553 shares of the company’s stock were exchanged, compared to its average volume of 15,234,358. Compass, Inc. has a 1 year low of $6.37 and a 1 year high of $13.95. The stock has a market cap of $7.84 billion, a PE ratio of 73.03 and a beta of 2.39. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 1.00. The stock’s fifty day moving average price is $9.68 and its two-hundred day moving average price is $9.81.

Compass (NYSE:COMP) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.90 billion. Compass had a net margin of 1.06% and a return on equity of 5.47%. Research analysts predict that Compass, Inc. will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Compass from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday, October 30th. Wells Fargo & Company dropped their price objective on shares of Compass from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, November 6th. Citizens Jmp initiated coverage on Compass in a research report on Wednesday, October 14th. They issued a “market outperform” rating and a $11.00 target price on the stock. Needham & Company LLC reduced their target price on Compass from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, October 16th. Finally, Zacks Research lowered Compass from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.07.

Institutional Investors Weigh In On Compass

Large investors have recently bought and sold shares of the company. IFP Advisors Inc acquired a new position in Compass in the 2nd quarter worth approximately $31,000. Reyes Financial Architecture Inc. acquired a new stake in Compass during the 3rd quarter valued at approximately $35,000. GAMMA Investing LLC lifted its stake in Compass by 57.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $48,000 after acquiring an additional 1,975 shares during the period. Nykredit A S purchased a new stake in shares of Compass in the 2nd quarter valued at $77,000. Finally, Allworth Financial LP acquired a new stake in shares of Compass in the second quarter worth $110,000. Hedge funds and other institutional investors own 67.05% of the company’s stock.

Compass News Summary

These are some of the COMP news items that stood out recently:

• Neutral Sentiment: Compass says it will cooperate with brokers even when listings are not on the MLS, while it has sued 15 multiple listing services over their listing policies. The moves could support its approach to marketing listings, but the disputes add legal uncertainty. Compass broker cooperation policy Compass sues 15 MLSs
• Negative Sentiment: Several law firms publicized a class action filed on behalf of former Anywhere shareholders who received Compass shares in the merger. The suit alleges that merger offering materials omitted information about antitrust scrutiny, including a DOJ inquiry; the allegations are not proven, but litigation and disclosure uncertainty could weigh on sentiment. Lead-plaintiff deadlines are in early December. Class action deadline notice
• Negative Sentiment: CEO Robert Reffkin reported selling 18,930 shares and 83,333 shares at $10.10 each. The sales were made under a prearranged Rule 10b5-1 plan, which can temper the signal, though insider selling may still concern investors. SEC Form 4 filing

Compass Company Profile

Compass, Inc. is a technology-enabled residential real estate brokerage that helps clients buy and sell homes through a network of real estate agents. The company combines traditional brokerage services with digital tools designed to support agents and their clients throughout a transaction. Its platform includes tools for managing client relationships, marketing property listings, coordinating transactions and accessing real estate data. Compass also provides agents with services and technology intended to help them build their businesses and serve buyers and sellers.