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 that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total value of $18,920,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Compass Stock Up 27.5 %

COMP stock traded up $2.19 during mid-day trading on Wednesday, reaching $10.17. 29,344,343 shares of the stock traded hands, compared to its average volume of 6,290,134. The business has a 50-day moving average of $6.70 and a two-hundred day moving average of $6.20. Compass, Inc. has a 52 week low of $2.89 and a 52 week high of $10.25. The firm has a market capitalization of $5.19 billion, a PE ratio of -25.43 and a beta of 2.95.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on COMP shares. Morgan Stanley lifted their price objective on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group upped their price objective on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Barclays upped their price target on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Needham & Company LLC increased their price target on Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their target price on Compass from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.