Scott R. Wahlers Sells 250,000 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP - Get Free Report) CAO Scott R. Wahlers sold 250,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total value of $2,317,500.00. Following the sale, the chief accounting officer now owns 329,187 shares in the company, valued at approximately $3,051,563.49. This represents a 43.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Compass Stock Performance

Shares of NYSE COMP traded up $0.16 during midday trading on Tuesday, reaching $9.26. The stock had a trading volume of 2,163,042 shares, compared to its average volume of 6,504,495. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of -29.82 and a beta of 2.95. Compass, Inc. has a 12-month low of $2.89 and a 12-month high of $10.25. The stock has a 50-day moving average of $6.85 and a 200-day moving average of $6.32.

Compass (NYSE:COMP - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the business posted ($0.09) earnings per share. As a group, analysts forecast that Compass, Inc. will post 0.09 EPS for the current fiscal year.

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Analyst Ratings Changes

Several research analysts have recently issued reports on COMP shares. The Goldman Sachs Group raised their target price on shares of Compass from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Morgan Stanley upped their price objective on Compass from $6.00 to $8.50 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Oppenheimer boosted their price target on Compass from $12.00 to $13.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 19th. UBS Group increased their price objective on shares of Compass from $11.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, Barclays raised their target price on Compass from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $8.94.

Compass Company Profile

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.