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

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 2,000,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.46, for a total value of $18,920,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Compass Stock Performance

Shares of NYSE COMP opened at $9.01 on Friday. The stock has a market cap of $4.60 billion, a PE ratio of -29.05 and a beta of 2.95. The business has a fifty day moving average of $6.80 and a two-hundred day moving average of $6.26. Compass, Inc. has a 52-week low of $2.89 and a 52-week high of $10.25.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the previous year, the business posted ($0.09) earnings per share. Analysts predict that Compass, Inc. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on COMP. Barclays raised their target price on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Needham & Company LLC raised their target price on Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley raised their target price on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a research report on Wednesday. The Goldman Sachs Group raised their target price on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group lifted their price objective on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.