Robert L. Reffkin Sells 775,490 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 775,490 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $7.91, for a total value of $6,134,125.90. Following the transaction, the chief executive officer now directly owns 363,646 shares in the company, valued at approximately $2,876,439.86. This trade represents a 68.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Robert L. Reffkin also recently made the following trade(s):

• On Wednesday, February 19th, Robert L. Reffkin sold 2,000,000 shares of Compass stock. The stock was sold at an average price of $9.46, for a total value of $18,920,000.00.

Compass Stock Down 4.7 %

COMP stock opened at $9.76 on Friday. The firm has a market cap of $4.98 billion, a PE ratio of -31.48 and a beta of 2.95. The business has a 50 day moving average of $6.76 and a 200-day moving average of $6.23. Compass, Inc. has a 12-month low of $2.89 and a 12-month high of $10.25.

Compass (NYSE:COMP) last released its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted ($0.09) earnings per share. On average, research analysts expect that Compass, Inc. will post 0.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on COMP shares. Morgan Stanley increased their price objective on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research note on Wednesday. Needham & Company LLC increased their price objective on Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Oppenheimer increased their price objective on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group increased their price objective on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Barclays increased their price objective on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Compass currently has an average rating of “Moderate Buy” and a consensus 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.