Excalibur (Cayman) Ltd Svf Sells 16,900,000 Shares of Compass, Inc. (NYSE:COMP) Stock

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of Compass stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $4.30, for a total transaction of $72,670,000.00. Following the completion of the sale, the insider now owns 75,570,273 shares of the company’s stock, valued at approximately $324,952,173.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Compass Price Performance

COMP stock opened at $4.21 on Thursday. The company has a 50 day simple moving average of $3.57 and a 200 day simple moving average of $3.31. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -6.78 and a beta of 2.87. Compass, Inc. has a 1 year low of $1.82 and a 1 year high of $4.68.

Compass (NYSE:COMP) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.17). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Compass had a negative net margin of 6.10% and a negative return on equity of 71.71%. During the same period in the prior year, the company earned ($0.36) EPS. On average, equities research analysts anticipate that Compass, Inc. will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

COMP has been the subject of several analyst reports. Gordon Haskett cut shares of Compass from a “hold” rating to an “underperform” rating and dropped their price objective for the stock from $2.75 to $2.25 in a research note on Wednesday, February 21st. UBS Group lifted their price objective on shares of Compass from $3.50 to $4.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. The Goldman Sachs Group boosted their target price on shares of Compass from $3.50 to $4.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Barclays boosted their target price on shares of Compass from $2.50 to $4.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. Finally, Oppenheimer restated an “outperform” rating and issued a $6.00 target price (up from $5.50) on shares of Compass in a research report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Compass presently has an average rating of “Hold” and an average target price of $3.83.

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.