Compass (NYSE:COMP) CFO Sells 26,600 Shares

Compass, Inc. (NYSE:COMP) CFO Scott Wahlers sold 26,600 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $11.00, for a total transaction of $292,600.00. Following the transaction, the chief financial officer directly owned 313,625 shares in the company, valued at $3,449,875. This represents a 7.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Compass Stock Performance

Shares of COMP stock traded down $0.16 during trading on Friday, hitting $10.58. The company had a trading volume of 12,485,148 shares, compared to its average volume of 8,919,308. The firm has a market capitalization of $5.94 billion, a P/E ratio of -96.18 and a beta of 2.53. Compass, Inc. has a one year low of $5.10 and a one year high of $11.07. The stock’s 50-day moving average price is $9.13 and its 200 day moving average price is $8.15.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%. On average, research analysts anticipate that Compass, Inc. will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on COMP shares. Odeon Capital Group initiated coverage on shares of Compass in a report on Wednesday, November 19th. They issued a “buy” rating on the stock. Zacks Research raised shares of Compass from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Compass in a research report on Tuesday, November 4th. UBS Group raised their target price on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $11.06.

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.