Robert Reffkin Sells 23,456 Shares of Compass (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 23,456 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total value of $293,434.56. Following the sale, the chief executive officer owned 7,781,204 shares in the company, valued at approximately $97,342,862.04. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Stock Down 0.2%

Compass stock opened at $12.60 on Friday. Compass, Inc. has a 12 month low of $6.12 and a 12 month high of $13.95. The stock has a fifty day simple moving average of $8.96 and a two-hundred day simple moving average of $9.63. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 629.85 and a beta of 2.35.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.20. Compass had a return on equity of 1.11% and a net margin of 0.17%.The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Equities analysts predict that Compass, Inc. will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Benchmark began coverage on shares of Compass in a research report on Thursday, March 26th. They set a “buy” rating and a $14.00 price objective on the stock. Barclays dropped their target price on shares of Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. Finally, UBS Group decreased their target price on shares of Compass from $17.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Compass currently has an average rating of “Moderate Buy” and an average price target of $12.62.

Compass Company Profile

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.