Robert L. Reffkin, the Chairman and CEO of Compass , Inc. (NYSE:COMP), recently executed a significant sale of the company's Class A Common Stock. The transaction comes as Compass shares have shown remarkable strength, delivering a 94% return over the past year and trading near its 52-week high of $7.69, according to InvestingPro data. According to a recent SEC filing, Reffkin sold a total of 957,283 shares over two consecutive days, with transactions occurring on January 22 and January 23, 2025. The shares were sold at a weighted average price range between $6.9021 and $6.9087 per share, resulting in a total sale value of approximately $6.61 million. Based on InvestingPro's Fair Value analysis, Compass appears to be trading near its fair value. InvestingPro subscribers have access to 15+ additional insights and detailed valuation metrics for COMP, along with comprehensive Pro Research Reports covering 1,400+ US stocks.
Following these transactions, Reffkin retains direct ownership of 1,000,000 shares of Compass stock. Additionally, he holds indirect ownership of 7,828,116 shares through various trusts and investment entities. These sales were conducted automatically under a pre-established Rule 10b5-1 trading plan, which Reffkin adopted in May 2024. The company, currently valued at $3.87 billion, is expected to turn profitable this year with analysts forecasting earnings of $0.06 per share.
In other recent news, Compass Inc. has been generating significant attention in the investment community. The real estate technology firm recently revised its financial outlook for Q4 and the full year of 2024, indicating stronger performance than previously anticipated. Compass Inc. achieved record Adjusted EBITDA and free cash flow for 2024, with Q4 revenue projected between $1.36 billion and $1.39 billion. Full-year revenue is now estimated to reach between $5.61 billion and $5.64 billion.
Analysts from Needham and Oppenheimer have maintained a positive outlook on Compass Inc., with Needham maintaining a Buy rating and Oppenheimer raising its price target on Compass Inc. shares to $9.50. This adjustment comes after Compass's strategic acquisition of Christie's International Real Estate, Midwest and Atlanta brokerages, as well as a Title company, in a deal valued at $444 million.
In other recent developments, Compass Inc. reported robust growth in its third-quarter earnings, with a significant year-over-year revenue increase and a rise in transactions. The company's adjusted EBITDA soared to $52 million, marking a 139% increase from the same quarter in the previous year. These recent developments underscore the ongoing momentum and growth trajectory of Compass Inc. in the real estate technology sector.
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