Compass, Inc. (NYSE:COMP) Major Shareholder Sells $91,500,000.00 in Stock

Compass, Inc. (NYSE:COMP - Get Free Report) major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $9.15, for a total transaction of $91,500,000.00. Following the completion of the sale, the insider now owns 48,070,273 shares in the company, valued at approximately $439,842,997.95. This trade represents a 17.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Compass Trading Down 2.2 %

Compass stock traded down $0.21 during midday trading on Friday, reaching $9.14. 6,824,153 shares of the stock traded hands, compared to its average volume of 4,884,069. Compass, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $10.25. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of -29.47 and a beta of 2.88. The firm has a fifty day moving average price of $8.32 and a two-hundred day moving average price of $6.98.

Compass (NYSE:COMP - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the prior year, the company posted ($0.09) EPS. Analysts anticipate that Compass, Inc. will post 0.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Oppenheimer upped their price target on Compass from $12.00 to $13.00 and gave the company an "outperform" rating in a research report on Wednesday, February 19th. Barclays raised their price target on shares of Compass from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 25th. Morgan Stanley boosted their price objective on shares of Compass from $6.00 to $8.50 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Needham & Company LLC reissued a "buy" rating and issued a $12.00 target price on shares of Compass in a report on Friday, March 14th. Finally, UBS Group lifted their target price on Compass from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $9.89.

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.