Compass (NYSE:COMP) CFO Scott Wahlers Sells 26,600 Shares of Stock

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

Compass Price Performance

Compass stock opened at $10.58 on Friday. Compass, Inc. has a fifty-two week low of $5.10 and a fifty-two week high of $11.07. The firm’s 50 day simple moving average is $9.20 and its 200-day simple moving average is $8.18. The company has a market cap of $5.94 billion, a P/E ratio of -96.18 and a beta of 2.53.

Compass (NYSE:COMP) last posted 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. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. On average, analysts expect that Compass, Inc. will post 0.09 EPS for the current fiscal year.

Trending Headlines about Compass

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.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COMP. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. BTIG Research lifted their price objective on Compass from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Wells Fargo & Company raised their price target on Compass from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Odeon Capital Group started coverage on Compass in a research note on Wednesday, November 19th. They issued a “buy” rating for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $11.00 price target on shares of Compass in a report on Tuesday, November 4th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.06.

About Compass

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.