Insider Selling: Compass, Inc. (NYSE:COMP) CEO Sells 465,829 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 465,829 shares of Compass stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $6.91, for a total transaction of $3,218,878.39. Following the completion of the sale, the chief executive officer now directly owns 1,491,454 shares in the company, valued at $10,305,947.14. This represents a 23.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Compass Stock Up 0.9 %

NYSE:COMP traded up $0.07 on Friday, hitting $6.98. The stock had a trading volume of 5,190,584 shares, compared to its average volume of 5,509,065. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of -17.44 and a beta of 2.92. The company has a fifty day moving average price of $6.45 and a two-hundred day moving average price of $5.78. Compass, Inc. has a 1-year low of $2.89 and a 1-year high of $7.69.

Wall Street Analyst Weigh In

A number of analysts have recently commented on COMP shares. The Goldman Sachs Group boosted their target price on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Compass in a report on Thursday, January 16th. UBS Group raised their target price on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Barclays boosted their price target on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 11th. Finally, Oppenheimer increased their target price on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Three research analysts have rated the stock with a hold rating and four have issued 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.

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.