Compass (NYSE:COMP) CFO Sells $292,600.00 in Stock

Compass, Inc. (NYSE:COMP) CFO Scott Wahlers sold 26,600 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $11.00, for a total transaction of $292,600.00. Following the completion of the transaction, the chief financial officer directly owned 313,625 shares in the company, valued at approximately $3,449,875. The trade was a 7.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Compass Stock Down 1.5%

COMP stock opened at $10.58 on Monday. The business’s fifty day moving average is $9.20 and its 200-day moving average is $8.21. The company has a market cap of $5.94 billion, a P/E ratio of -96.18 and a beta of 2.53. Compass, Inc. has a twelve month low of $5.10 and a twelve month high of $11.07.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%. Research analysts anticipate that Compass, Inc. will post 0.09 earnings per share for the current fiscal year.

More Compass News

Here are the key news stories impacting Compass this week:

• Positive Sentiment: Analyst says Google listing test likely won’t hurt Compass — a recent note that framed Google’s property-listing experiments as having minimal impact helped calm investor fears about competitive disruption. Read More.
• Positive Sentiment: Company to extend warrant expiry dates — management’s move to extend warrant expirations can reduce short-term dilution/forced conversions and provide more capital-structure flexibility. Read More.
• Neutral Sentiment: Bull case write-ups highlight long-term upside — recent bullish analyses reiterate growth and ancillary-services upside (title, etc.), but these are thesis pieces rather than new company disclosures. Read More.
• Neutral Sentiment: Unrelated “Compass” headlines creating noise — bankruptcy filings and closures at Compass Coffee (a separate business) are generating headline clutter that can confuse retail flows but are not directly tied to Compass, Inc.’s fundamentals. Read More. Read More.
• Negative Sentiment: Senators urge FTC/DOJ to scrutinize the Compass–Anywhere $1.6B deal — mounting political and regulatory scrutiny raises the risk the transaction faces delays, conditions or a potential challenge, which is a material deal-risk for future growth. Read More.
• Negative Sentiment: CFO Scott Wahlers sold 26,600 shares — an insider sale disclosed this week reduced his stake by ~7.8%; markets often interpret sizable insider selling as a negative signal even when sales are for personal liquidity. Read More.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COMP. Barclays upgraded shares of Compass from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $9.00 to $13.00 in a research report on Monday, December 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. UBS Group lifted their price target on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Odeon Capital Group began coverage on shares of Compass in a report on Wednesday, November 19th. They issued a “buy” rating for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Compass in a research note on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Compass currently has a consensus rating of “Moderate Buy” and an average target price of $11.06.

Compass Company Profile

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.