Compass (NYSE:COMP) Stock: Insider Robert Reffkin Sells 83,333 Shares

Compass, Inc. (NYSE:COMP) CEO Robert Reffkin sold 83,333 shares of the company’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $10.10, for a total transaction of $841,663.30. Following the transaction, the chief executive officer owned 432,463 shares in the company, valued at $4,367,876.30. The trade was a 16.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Compass Trading Up 1.8%

Compass stock traded up $0.18 during midday trading on Friday, reaching $10.22. The stock had a trading volume of 9,223,553 shares, compared to its average volume of 15,234,358. The company has a quick ratio of 1.06, a current ratio of 1.12 and a debt-to-equity ratio of 1.00. The firm has a market cap of $7.84 billion, a price-to-earnings ratio of 73.03 and a beta of 2.39. Compass, Inc. has a 52-week low of $6.37 and a 52-week high of $13.95. The company has a fifty day moving average of $9.68 and a 200 day moving average of $9.81.

Compass (NYSE:COMP) last announced its earnings results on Thursday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.03. The business had revenue of $3.90 billion during the quarter, compared to analyst estimates of $3.90 billion. Compass had a return on equity of 5.47% and a net margin of 1.06%. On average, analysts anticipate that Compass, Inc. will post 0.17 earnings per share for the current fiscal year.

Compass News Roundup

These are some of the COMP news items that stood out recently:

• Neutral Sentiment: Compass says it will cooperate with brokers even when listings are not on the MLS, while it has sued 15 multiple listing services over their listing policies. The moves could support its approach to marketing listings, but the disputes add legal uncertainty. Compass broker cooperation policy Compass sues 15 MLSs
• Negative Sentiment: Several law firms publicized a class action filed on behalf of former Anywhere shareholders who received Compass shares in the merger. The suit alleges that merger offering materials omitted information about antitrust scrutiny, including a DOJ inquiry; the allegations are not proven, but litigation and disclosure uncertainty could weigh on sentiment. Lead-plaintiff deadlines are in early December. Class action deadline notice
• Negative Sentiment: CEO Robert Reffkin reported selling 18,930 shares and 83,333 shares at $10.10 each. The sales were made under a prearranged Rule 10b5-1 plan, which can temper the signal, though insider selling may still concern investors. SEC Form 4 filing

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Compass by 57.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock worth $48,000 after buying an additional 1,975 shares in the last quarter. IFP Advisors Inc bought a new stake in shares of Compass in the second quarter valued at about $31,000. Reyes Financial Architecture Inc. purchased a new stake in Compass in the third quarter worth about $35,000. Pathstone Holdings LLC lifted its stake in Compass by 14.6% in the third quarter. Pathstone Holdings LLC now owns 33,045 shares of the company’s stock worth $293,000 after acquiring an additional 4,207 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Compass by 22.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 27,462 shares of the company’s stock worth $244,000 after acquiring an additional 5,049 shares in the last quarter. 67.05% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on COMP shares. Citizens Jmp initiated coverage on Compass in a report on Wednesday, October 14th. They set a “market outperform” rating and a $11.00 price objective for the company. Wells Fargo & Company cut their price objective on Compass from $10.00 to $9.00 and set an “equal weight” rating on the stock in a research report on Friday, November 6th. Compass Point set a $11.00 target price on Compass in a research note on Wednesday, October 14th. Oppenheimer lifted their target price on Compass from $15.00 to $18.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Compass from $15.00 to $13.00 and set an “overweight” rating for the company in a research note on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.07.

Compass Company Profile

Compass, Inc. is a technology-enabled residential real estate brokerage that helps clients buy and sell homes through a network of real estate agents. The company combines traditional brokerage services with digital tools designed to support agents and their clients throughout a transaction. Its platform includes tools for managing client relationships, marketing property listings, coordinating transactions and accessing real estate data. Compass also provides agents with services and technology intended to help them build their businesses and serve buyers and sellers.