Robert L. Reffkin Sells 2,000,000 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 2,000,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $9.46, for a total transaction of $18,920,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Compass Stock Up 27.5 %

COMP stock opened at $10.17 on Thursday. The company has a market capitalization of $5.19 billion, a P/E ratio of -25.43 and a beta of 2.95. The company has a 50-day simple moving average of $6.70 and a 200 day simple moving average of $6.20. Compass, Inc. has a fifty-two week low of $2.89 and a fifty-two week high of $10.25.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative net margin of 3.70% and a negative return on equity of 49.45%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the company earned ($0.09) EPS. Equities analysts anticipate that Compass, Inc. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on COMP. Needham & Company LLC upped their price target on shares of Compass from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group upped their price target on shares of Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group upped their price target on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday. Barclays upped their price target on shares of Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer upped their price target on shares of Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.