Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin Sells 2,000,000 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total transaction of $18,920,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Compass Stock Up 27.5 %

Shares of COMP opened at $10.17 on Thursday. The business’s 50-day moving average price is $6.70 and its 200-day moving average price is $6.20. Compass, Inc. has a twelve month low of $2.89 and a twelve month high of $10.25. The stock has a market cap of $5.19 billion, a PE ratio of -25.43 and a beta of 2.95.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 49.45% and a negative net margin of 3.70%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the business posted ($0.09) earnings per share. Analysts expect that Compass, Inc. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COMP has been the subject of several analyst reports. Barclays raised their price target on shares of Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. UBS Group lifted their price target on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Oppenheimer lifted their price objective on shares of Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group lifted their target price on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC lifted their target price on Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Compass has a consensus rating of “Moderate Buy” and an average target price of $8.69.

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.