Robert L. Reffkin Sells 465,829 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 465,829 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $6.91, for a total transaction of $3,218,878.39. Following the sale, the chief executive officer now directly owns 1,491,454 shares in the company, valued at approximately $10,305,947.14. The trade was a 23.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Compass Price Performance

COMP stock opened at $6.98 on Friday. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of -17.44 and a beta of 2.92. Compass, Inc. has a 1-year low of $2.89 and a 1-year high of $7.69. The firm has a fifty day moving average price of $6.45 and a two-hundred day moving average price of $5.78.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on COMP shares. Oppenheimer lifted their price objective on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Compass in a research note on Thursday, January 16th. UBS Group increased their target price on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. 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 research note on Wednesday, December 11th. Finally, The Goldman Sachs Group increased their price target on shares of Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.01.

About Compass

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.