Insider Selling: Compass, Inc. (NYSE:COMP) CEO Sells 141,061 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 141,061 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $6.27, for a total value of $884,452.47. Following the sale, the chief executive officer now directly owns 2,000,000 shares in the company, valued at $12,540,000. The trade was a 6.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Compass Stock Up 0.2 %

NYSE COMP opened at $6.75 on Friday. The firm’s 50 day moving average is $6.43 and its 200-day moving average is $5.66. The company has a market capitalization of $3.44 billion, a PE ratio of -16.86 and a beta of 2.92. Compass, Inc. has a 12-month low of $2.89 and a 12-month high of $7.69.

Analysts Set New Price Targets

Several equities research analysts have issued reports on COMP shares. UBS Group increased their price target on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Barclays increased their target price on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group upped their price target on shares of Compass from $7.00 to $8.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of Compass in a report on Thursday. Finally, Oppenheimer boosted their price objective 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Compass has an average rating of “Moderate Buy” and an average target price of $7.01.

About Compass

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.