Insider Selling: Compass, Inc. (NYSE:COMP) CAO Sells 250,000 Shares of Stock

Compass, Inc. (NYSE:COMP) CAO Scott R. Wahlers sold 250,000 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.27, for a total transaction of $2,317,500.00. Following the completion of the transaction, the chief accounting officer now directly owns 329,187 shares of the company’s stock, valued at $3,051,563.49. This represents a 43.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Compass Stock Down 7.9 %

COMP stock traded down $0.78 during mid-day trading on Friday, hitting $9.01. The company had a trading volume of 9,978,797 shares, compared to its average volume of 6,567,926. The company has a 50-day moving average price of $6.76 and a 200 day moving average price of $6.23. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of -29.05 and a beta of 2.95. Compass, Inc. has a 12-month low of $2.89 and a 12-month high of $10.25.

Compass (NYSE:COMP) last announced its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. During the same period in the prior year, the company earned ($0.09) EPS. As a group, analysts expect that Compass, Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on COMP shares. The Goldman Sachs Group upped their target price on shares of Compass from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday. Oppenheimer upped their target price on shares of Compass from $12.00 to $13.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays upped their target price on shares of Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. UBS Group upped their target price on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Morgan Stanley upped their target price on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Compass has a consensus rating of “Moderate Buy” and an average price target of $8.69.

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.