Compass, Inc. (NYSE:COMP – Get Free Report) CEO Robert Reffkin sold 23,456 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $11.70, for a total value of $274,435.20. Following the completion of the sale, the chief executive officer directly owned 7,757,748 shares of the company’s stock, valued at $90,765,651.60. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Compass Stock Down 1.9%
Shares of NYSE:COMP opened at $12.59 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Compass, Inc. has a 52-week low of $6.37 and a 52-week high of $13.95. The business’s 50 day simple moving average is $10.72 and its two-hundred day simple moving average is $9.73. The firm has a market cap of $9.41 billion, a P/E ratio of 209.87 and a beta of 2.36.
Compass (NYSE:COMP – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.08 by $0.03. Compass had a return on equity of 4.56% and a net margin of 0.63%.The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.11 billion. As a group, research analysts forecast that Compass, Inc. will post 0.22 EPS for the current fiscal year.
Key Stories Impacting Compass
- Positive Sentiment: Strong second-quarter results: Compass reported $4.31 billion in revenue, above the $4.11 billion consensus estimate, while EPS of $0.11 exceeded expectations of $0.08. GAAP net income reached a record $92 million, supported by transaction growth. Compass Second-Quarter Results
- Positive Sentiment: Cost savings ahead of schedule: The company completed its $300 million first-year net synergy target five months early and is now pacing toward approximately $330 million, which could improve margins and cash flow. Compass Synergies and Outlook
- Positive Sentiment: Q3 outlook exceeded expectations: Compass projected third-quarter revenue of $3.85 billion to $4.05 billion, above the roughly $3.7 billion analyst consensus, signaling continued resilience in a difficult housing market. Compass Cost Savings and Transaction Growth
- Positive Sentiment: Several firms raised their price targets following the results. Zelman set a $13.50 target, while Wells Fargo increased its target to $13. These revisions provide some support, although both firms maintained neutral or equal-weight ratings. Compass Analyst Target Changes
- Neutral Sentiment: CEO Robert Reffkin sold 23,456 shares worth approximately $274,000 under a pre-arranged Rule 10b5-1 plan. The sale reduced his direct holdings by only 0.30%, limiting its significance. SEC Insider Trading Filing
- Neutral Sentiment: Goldman Sachs raised its target to $12 but retained a neutral rating, implying limited upside at recent levels. Compass is also trading at an elevated earnings multiple, increasing sensitivity to any slowdown.
- Negative Sentiment: Compass is defending its private-listings strategy as a congressional investigation deadline expired. Although no immediate enforcement action was reported, continued scrutiny could create regulatory and reputational risks. Compass Congressional Probe
Analyst Ratings Changes
COMP has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Zelman & Associates reissued a “neutral” rating and set a $13.50 target price on shares of Compass in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $15.00 target price on shares of Compass in a report on Wednesday. Oppenheimer raised their price target on shares of Compass from $15.00 to $18.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Zacks Research upgraded Compass from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Compass currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.15.
Check Out Our Latest Analysis on Compass
About Compass
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.
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