Compass, Inc. (NYSE:COMP) Major Shareholder Excalibur (Cayman) Ltd Svf Sells 10,000,000 Shares

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $9.15, for a total value of $91,500,000.00. Following the completion of the sale, the insider now owns 48,070,273 shares in the company, valued at approximately $439,842,997.95. This represents a 17.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Compass Price Performance

Shares of NYSE COMP opened at $9.34 on Thursday. The company has a 50-day simple moving average of $8.22 and a 200-day simple moving average of $6.94. The company has a market cap of $4.79 billion, a PE ratio of -30.11 and a beta of 2.88. Compass, Inc. has a 12 month low of $3.03 and a 12 month high of $10.25.

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

Analyst Ratings Changes

Several analysts have weighed in on COMP shares. Barclays upped their target price on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Tuesday, February 25th. Needham & Company LLC reissued a “buy” rating and issued a $12.00 price objective on shares of Compass in a research note on Friday, March 14th. The Goldman Sachs Group raised their target price on shares of Compass from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday, March 21st. Morgan Stanley increased their price target on shares of Compass from $6.00 to $8.50 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Finally, UBS Group lifted their price objective on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Compass presently has an average rating of “Moderate Buy” and a consensus target price of $9.75.

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.