Compass (NYSE:COMP) CEO Sells $293,434.56 in Stock

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

Compass Stock Up 0.4%

Shares of COMP traded up $0.05 during mid-day trading on Thursday, reaching $12.60. The company had a trading volume of 16,123,181 shares, compared to its average volume of 17,682,133. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50-day moving average price of $8.77 and a 200 day moving average price of $9.60. Compass, Inc. has a 52 week low of $6.12 and a 52 week high of $13.95. The company has a market capitalization of $9.41 billion, a price-to-earnings ratio of 629.85 and a beta of 2.34.

Compass (NYSE:COMPGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.20. Compass had a return on equity of 1.11% and a net margin of 0.17%.The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. On average, sell-side analysts forecast that Compass, Inc. will post 0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on COMP. The Goldman Sachs Group restated a “neutral” rating on shares of Compass in a report on Wednesday, May 6th. UBS Group dropped their price target on shares of Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Barclays cut their price objective on shares of Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Wells Fargo & Company decreased their target price on shares of Compass from $12.00 to $9.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Finally, Weiss Ratings upgraded shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.62.

Get Our Latest Stock Analysis on COMP

About Compass

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Compass (NYSE:COMP)

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