Insider Selling: Compass, Inc. (NYSE:COMP) CEO Sells 49,316 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 49,316 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $5.91, for a total value of $291,457.56. Following the completion of the transaction, the chief executive officer now owns 2,950,684 shares in the company, valued at $17,438,542.44. This represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Compass Stock Performance

COMP opened at $5.88 on Monday. The company has a market cap of $3.00 billion, a PE ratio of -14.70 and a beta of 2.89. The stock has a 50-day moving average of $6.51 and a 200-day moving average of $5.52. Compass, Inc. has a 52-week low of $2.89 and a 52-week high of $7.69.

Wall Street Analyst Weigh In

COMP has been the topic of several research reports. Oppenheimer upped their price objective on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group upped their price target on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their price objective on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $8.00 target price on shares of Compass in a research report on Tuesday, December 3rd. Finally, Barclays lifted their price target on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $6.72.

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.