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

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 68,070,273 shares of the company’s stock, valued at $424,758,503.52. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Compass Price Performance

Shares of COMP opened at $6.39 on Thursday. Compass, Inc. has a one year low of $1.82 and a one year high of $6.78. The company has a 50-day moving average of $4.90 and a two-hundred day moving average of $4.07. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -10.30 and a beta of 2.91.

Compass (NYSE:COMP) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. The firm had revenue of $1.70 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted ($0.10) EPS. Analysts anticipate that Compass, Inc. will post -0.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.