Insider Selling: Compass, Inc. (NYSE:COMP) CEO Sells $115,358.88 in Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 27,664 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $4.17, for a total transaction of $115,358.88. Following the completion of the transaction, the chief executive officer now directly owns 393,486 shares of the company’s stock, valued at $1,640,836.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Compass Stock Down 0.2 %

Shares of COMP stock opened at $4.70 on Friday. The stock has a market cap of $2.32 billion, a PE ratio of -7.58 and a beta of 2.89. Compass, Inc. has a 52-week low of $1.82 and a 52-week high of $4.89. The business has a 50-day simple moving average of $4.02 and a 200-day simple moving average of $3.77.

Compass (NYSE:COMP) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Compass had a negative return on equity of 56.79% and a negative net margin of 4.53%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company posted ($0.10) earnings per share. Sell-side analysts anticipate that Compass, Inc. will post -0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

COMP has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price target on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, August 1st. Oppenheimer reissued an “outperform” rating and issued a $6.00 target price on shares of Compass in a research report on Wednesday, June 26th. Gordon Haskett raised Compass from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $3.00 to $3.75 in a research report on Tuesday, June 25th. Needham & Company LLC boosted their price target on Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays raised their price objective on Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.28.

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.