Compass, Inc. (NYSE:COMP) Major Shareholder Excalibur (Cayman) Ltd Svf Sells 7,500,000 Shares of Stock

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $6.24, for a total value of $46,800,000.00. Following the transaction, the insider now directly owns 68,070,273 shares of the company’s stock, valued at approximately $424,758,503.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Compass Stock Up 2.0 %

NYSE:COMP opened at $6.54 on Wednesday. The company has a market cap of $3.23 billion, a P/E ratio of -10.55 and a beta of 2.91. Compass, Inc. has a fifty-two week low of $1.82 and a fifty-two week high of $6.63. The firm’s 50 day moving average is $4.85 and its two-hundred day moving average is $4.05.

Compass (NYSE:COMP) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. During the same quarter last year, the firm posted ($0.10) earnings per share. Research analysts forecast that Compass, Inc. will post -0.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Needham & Company LLC lifted their price objective on Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer reiterated an “outperform” rating and set a $6.00 price target on shares of Compass in a report on Wednesday, June 26th. Gordon Haskett raised shares of Compass from an “underperform” rating to a “hold” rating and upped their price objective for the company from $3.00 to $3.75 in a research note on Tuesday, June 25th. The Goldman Sachs Group upped their price objective on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays upped their price objective on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Compass currently has an average rating of “Hold” and a consensus target price of $4.28.

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.