Compass, Inc. (NYSE:COMP) CAO Sells $2,317,500.00 in Stock

Compass, Inc. (NYSE:COMP) CAO Scott R. Wahlers sold 250,000 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total value of $2,317,500.00. Following the transaction, the chief accounting officer now owns 329,187 shares in the company, valued at approximately $3,051,563.49. This represents a 43.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Compass Stock Down 7.9 %

Compass stock opened at $9.01 on Monday. The company has a market capitalization of $4.60 billion, a P/E ratio of -29.05 and a beta of 2.95. The stock’s 50 day moving average is $6.80 and its 200 day moving average is $6.29. Compass, Inc. has a twelve month low of $2.89 and a twelve month high of $10.25.

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

Analyst Ratings Changes

COMP has been the topic of a number of research analyst reports. Needham & Company LLC boosted their price target on Compass from $10.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. UBS Group upped their target price on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Barclays upped their target price on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. Morgan Stanley upped their target price on Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group upped their target price on Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently 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.