Insider Selling: Compass, Inc. (NYSE:COMP) CEO Sells 224,510 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 224,510 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $7.90, for a total value of $1,773,629.00. Following the transaction, the chief executive officer now owns 1,139,136 shares of the company’s stock, valued at approximately $8,999,174.40. The trade was a 16.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Compass Stock Performance

Shares of NYSE COMP opened at $7.91 on Friday. The stock has a 50 day moving average price of $6.60 and a 200 day moving average price of $6.10. Compass, Inc. has a 52 week low of $2.89 and a 52 week high of $7.95. The stock has a market capitalization of $4.03 billion, a PE ratio of -19.76 and a beta of 2.95.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COMP shares. Barclays increased their price objective on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. UBS Group upgraded Compass from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $11.00 in a report on Tuesday. Oppenheimer increased their price objective on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of Compass in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group increased their price target on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.65.

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.