Insider Selling: Compass, Inc. (NYSE:COMP) Major Shareholder Sells 10,000,000 Shares of Stock

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $91,500,000.00. Following the sale, the insider now directly owns 48,070,273 shares of the company’s stock, valued at $439,842,997.95. This represents a 17.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Compass Price Performance

COMP stock traded down $0.10 during mid-day trading on Wednesday, reaching $9.34. The company had a trading volume of 5,763,223 shares, compared to its average volume of 4,777,790. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of -30.11 and a beta of 2.88. Compass, Inc. has a 52 week low of $3.03 and a 52 week high of $10.25. The stock has a 50 day simple moving average of $8.22 and a two-hundred day simple moving average of $6.94.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays increased their target price on Compass from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 25th. Oppenheimer increased their price objective on Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday, February 19th. Morgan Stanley lifted their target price on Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $12.00 price target on shares of Compass in a research report on Friday, March 14th. Finally, UBS Group lifted their price objective on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.75.

Compass Company Profile

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.