Key Points
- Compass CEO Robert Reffkin sold 83,333 shares for $841,663 at $10.10 per share under a pre-arranged Rule 10b5-1 plan. After the sale, he directly owned 432,463 shares, a 16.16% reduction in his holdings.
- Compass reported quarterly earnings of $0.07 per share, above analysts’ $0.04 estimate; revenue of $3.90 billion was in line with expectations.
- Analysts maintain a consensus “Moderate Buy” rating and a $13.07 average price target, though several firms recently lowered their targets.
Compass, Inc. (NYSE:COMP - Get Free Report) CEO Robert Reffkin sold 83,333 shares of the stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $10.10, for a total value of $841,663.30. Following the sale, the chief executive officer directly owned 432,463 shares in the company, valued at $4,367,876.30. This represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Compass Stock Performance
Shares of NYSE COMP traded up $0.18 during trading on Friday, reaching $10.22. 9,223,553 shares of the company traded hands, compared to its average volume of 15,234,358. The stock has a market cap of $7.84 billion, a P/E ratio of 73.03 and a beta of 2.39. The firm's fifty day simple moving average is $9.68 and its 200 day simple moving average is $9.81. The company has a current ratio of 1.12, a quick ratio of 1.06 and a debt-to-equity ratio of 1.00. Compass, Inc. has a 12-month low of $6.37 and a 12-month high of $13.95.
Compass (NYSE:COMP - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. The firm had revenue of $3.90 billion for the quarter, compared to the consensus estimate of $3.90 billion. Compass had a return on equity of 5.47% and a net margin of 1.06%. As a group, research analysts anticipate that Compass, Inc. will post 0.17 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Compass
Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake 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 during the period. IFP Advisors Inc purchased a new position in shares of Compass during the 2nd quarter valued at approximately $31,000. Reyes Financial Architecture Inc. purchased a new position in shares of Compass during the 3rd quarter valued at approximately $35,000. Pathstone Holdings LLC lifted its position in shares of Compass by 14.6% during the 3rd quarter. Pathstone Holdings LLC now owns 33,045 shares of the company's stock valued at $293,000 after buying an additional 4,207 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Compass by 22.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 27,462 shares of the company's stock valued at $244,000 after acquiring an additional 5,049 shares during the period. Hedge funds and other institutional investors own 67.05% of the company's stock.
Analyst Ratings Changes
Several research firms have commented on COMP. Needham & Company LLC lowered their price objective on Compass from $17.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, October 16th. UBS Group decreased their target price on shares of Compass from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Wednesday, October 28th. Citigroup initiated coverage on shares of Compass in a report on Wednesday, October 14th. They set an "outperform" rating on the stock. Weiss Ratings lowered shares of Compass from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, October 29th. Finally, Barclays dropped their price target on shares of Compass from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Friday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.07.
Check Out Our Latest Analysis on Compass
Key Compass News
Investors following COMP have been watching these news items:
- 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
Compass Company Profile
(
Get Free Report)
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.
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