Insider Selling: Compass (NYSE:COMP) CEO Sells $293,434.56 in Stock

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 23,456 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total value of $293,434.56. Following the transaction, the chief executive officer directly owned 7,781,204 shares in the company, valued at $97,342,862.04. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Stock Performance

Shares of COMP opened at $12.60 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. Compass, Inc. has a one year low of $6.12 and a one year high of $13.95. The firm has a market capitalization of $9.41 billion, a P/E ratio of 629.85 and a beta of 2.35. The business has a fifty day moving average of $8.96 and a 200 day moving average of $9.63.

Compass (NYSE:COMP) last posted its earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.20. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. As a group, sell-side analysts anticipate that Compass, Inc. will post 0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

COMP has been the topic of a number of research reports. BTIG Research set a $12.00 price objective on shares of Compass in a report on Wednesday, April 15th. Weiss Ratings upgraded shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. Benchmark initiated coverage on shares of Compass in a research note on Thursday, March 26th. They set a “buy” rating and a $14.00 price target on the stock. Finally, Barclays decreased their target price on Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.62.

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.