Robert L. Reffkin Sells 49,316 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 49,316 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total value of $291,457.56. Following the completion of the sale, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at $17,438,542.44. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Compass Stock Performance

Shares of COMP stock opened at $5.88 on Friday. Compass, Inc. has a fifty-two week low of $2.89 and a fifty-two week high of $7.69. The company has a 50 day moving average price of $6.51 and a 200 day moving average price of $5.51. The stock has a market capitalization of $3.00 billion, a P/E ratio of -14.70 and a beta of 2.89.

Analysts Set New Price Targets

COMP has been the subject of several recent analyst reports. UBS Group raised their price objective on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their target price on shares of Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of Compass in a research report on Tuesday, December 3rd. Oppenheimer upped their price objective on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Barclays lifted their target price on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Compass presently has an average rating of “Moderate Buy” and a consensus target price of $6.72.

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.