Insider Selling: Compass, Inc. (NYSE:COMP) CEO Sells 804,893 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 804,893 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $5.91, for a total transaction of $4,756,917.63. Following the completion of the sale, the chief executive officer now owns 2,145,791 shares of the company’s stock, valued at $12,681,624.81. The trade was a 27.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Compass Stock Performance

Shares of NYSE COMP remained flat at $5.59 during trading hours on Wednesday. The company had a trading volume of 4,509,309 shares, compared to its average volume of 4,302,402. The company has a market capitalization of $2.85 billion, a P/E ratio of -13.97 and a beta of 2.92. Compass, Inc. has a twelve month low of $2.89 and a twelve month high of $7.69. The stock has a fifty day moving average price of $6.51 and a two-hundred day moving average price of $5.56.

Wall Street Analyst Weigh In

COMP has been the topic of several recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 target price on shares of Compass in a report on Tuesday, December 3rd. UBS Group boosted their price objective on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Oppenheimer increased their target price on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Barclays lifted their price target on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, The Goldman Sachs Group increased their price target on shares of Compass from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Compass has an average rating of “Moderate Buy” and an average target price of $6.72.

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.