Compass (NYSE:COMP) CEO Robert Reffkin Sells 23,456 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 23,456 shares of Compass stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $7.69, for a total transaction of $180,376.64. Following the completion of the sale, the chief executive officer directly owned 7,804,660 shares in the company, valued at $60,017,835.40. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Trading Down 2.5%

NYSE:COMP opened at $7.69 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $5.74 billion, a PE ratio of 384.25 and a beta of 2.43. The firm’s 50 day moving average is $7.81 and its 200 day moving average is $9.65. Compass, Inc. has a 12 month low of $5.87 and a 12 month high of $13.95.

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

Wall Street Analysts Forecast Growth

COMP has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of Compass from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Weiss Ratings raised shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Morgan Stanley boosted their target price on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. UBS Group lowered their target price on shares of Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, BTIG Research set a $12.00 target price on shares of Compass in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Compass presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.63.

Key Headlines Impacting 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

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.