Insider Selling: Compass, Inc. (NYSE:COMP) Major Shareholder Sells 7,500,000 Shares of Stock

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the transaction, the insider now directly owns 68,070,273 shares in the company, valued at approximately $424,758,503.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Compass Price Performance

Shares of NYSE:COMP traded up $0.13 during trading on Tuesday, hitting $6.54. The company had a trading volume of 5,902,255 shares, compared to its average volume of 4,640,224. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of -10.55 and a beta of 2.91. The company has a fifty day simple moving average of $4.85 and a two-hundred day simple moving average of $4.05. Compass, Inc. has a one year low of $1.82 and a one year high of $6.63.

Compass (NYSE:COMP) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. During the same period last year, the company earned ($0.10) earnings per share. On average, equities research analysts anticipate that Compass, Inc. will post -0.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on COMP. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and lifted their price target for the company from $3.00 to $3.75 in a report on Tuesday, June 25th. Barclays lifted their target price on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Needham & Company LLC increased their price target on Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Oppenheimer restated an “outperform” rating and set a $6.00 price target on shares of Compass in a report on Wednesday, June 26th. Finally, The Goldman Sachs Group upped their price objective on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.28.

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.