Excalibur (Cayman) Ltd Svf Sells 7,500,000 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the sale, the insider now directly owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Compass Price Performance

NYSE COMP opened at $6.54 on Wednesday. Compass, Inc. has a 12 month low of $1.82 and a 12 month high of $6.63. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -10.55 and a beta of 2.91. The company’s fifty day moving average price is $4.85 and its two-hundred day moving average price is $4.05.

Compass (NYSE:COMP) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted ($0.10) EPS. As a group, analysts anticipate that Compass, Inc. will post -0.39 EPS for the current year.

Wall Street Analyst Weigh In

COMP has been the subject of several recent research reports. Needham & Company LLC increased their price objective on shares of Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer reaffirmed an “outperform” rating and set a $6.00 price target on shares of Compass in a report on Wednesday, June 26th. Barclays raised their price target on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Gordon Haskett raised shares of Compass from an “underperform” rating to a “hold” rating and raised their price target for the company from $3.00 to $3.75 in a report on Tuesday, June 25th. Finally, The Goldman Sachs Group raised their price target on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Compass currently has an average rating of “Hold” and a consensus price target of $4.28.

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.