Compass (NYSE:COMP) CEO Sells $180,376.64 in Stock

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 23,456 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $7.69, for a total value of $180,376.64. Following the completion of the sale, the chief executive officer owned 7,804,660 shares in the company, valued at approximately $60,017,835.40. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Price Performance

Shares of Compass stock opened at $7.69 on Monday. The stock’s 50-day moving average is $7.81 and its 200-day moving average is $9.65. Compass, Inc. has a one year low of $5.87 and a one year high of $13.95. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84.

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

Trending Headlines about Compass

Here are the key news stories impacting Compass this week:

• Negative Sentiment: Compass is reportedly being investigated by the New York Attorney General over antitrust concerns tied to its recently announced megamerger with Anywhere, raising the risk of regulatory action and possible operational constraints. Compass stock plunges after report on antitrust probe by New York Attorney General office
• Negative Sentiment: Media coverage said the antitrust news helped drive a sharp drop in Compass shares, suggesting investors are pricing in legal and deal-related uncertainty rather than focusing on fundamentals. AG’s antitrust probe decimates Compass stock price by nearly 13%
• Neutral Sentiment: Separately, one article referenced Compass in the context of an investor letter and noted the stock fell despite an earnings beat and faster deal closure, but it did not add a new company-specific catalyst beyond the regulatory overhang. Compass (COMP) Fell Despite Earnings Beat and Faster Deal Closure

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BTIG Research set a $12.00 target price on Compass in a report on Wednesday, April 15th. Benchmark assumed coverage on Compass in a report on Thursday, March 26th. They set a “buy” rating and a $14.00 target price on the stock. The Goldman Sachs Group reiterated a “neutral” rating on shares of Compass in a report on Wednesday, May 6th. Wells Fargo & Company dropped their target price on Compass from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, UBS Group dropped their target price on Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Compass has an average rating of “Moderate Buy” and an average price target of $12.63.

Compass Company Profile

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.