Compass, Inc. (NYSE:COMP) Major Shareholder Sells $91,500,000.00 in Stock

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

Compass Stock Down 2.2 %

NYSE COMP opened at $9.14 on Friday. Compass, Inc. has a twelve month low of $3.03 and a twelve month high of $10.25. The stock has a market cap of $4.69 billion, a P/E ratio of -29.47 and a beta of 2.88. The company’s 50-day simple moving average is $8.32 and its 200 day simple moving average is $6.98.

Compass (NYSE:COMP) last released its quarterly earnings data 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 company had revenue of $1.38 billion for the quarter, compared to analyst estimates 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 period in the prior year, the company posted ($0.09) EPS. Research analysts anticipate that Compass, Inc. will post 0.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on COMP shares. Needham & Company LLC reiterated a “buy” rating and set a $12.00 price target on shares of Compass in a report on Friday, March 14th. The Goldman Sachs Group increased their price target on shares of Compass from $10.00 to $11.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley boosted their price objective on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Barclays increased their target price on shares of Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Finally, UBS Group boosted their price target on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.89.

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.