Robert L. Reffkin, President and CEO Compass Inch. (Nyse :), recently made a significant sale of ordinary class A companies. The transaction comes at a time when compass shares showed incredible strength, achieving a 94% return over the last year and trapping close to the highest level in $ 52 from $ 7.69, according to Investingpro data. According to a recent application to SEC, Reffkin sold a total of 957,283 shares during two consecutive days, and transactions occurred on 22 January and 23 January 2025. The shares were sold at a weighted average price between $ 6.9021 and $ 6,9087 per share , resulting in a total sales value of approximately $ 6.61 million. Based on InvestingproAnalysis of fair value, Compass seems to trade close to its fair value. InvestingPro subscribers have access to 15+ additional insights and detailed metrics of evaluation for Comp, with comprehensive Pro Research Reports covering 1400+ US shares.
After these transactions, Reffkin retains directly owned by 1,000,000 compass shares. In addition, it has indirect ownership of 7,828,116 shares through various trusts and investment entities. These sales have been automatically been carried out according to the pre-determined 10B5-1 rules trading plan, which Reffkin adopted in May 2024. It is expected that the company, currently estimated at $ 3.87 billion, will become profitable this year, and analysts predict earnings of 0, 0, 06 dollars per share.
In other recent news, Compass Inc. draws significant attention in the investment community. Real estate technology has recently revised its financial prospects for the fourth quarter and the whole 2024, pointing to better results than expected earlier. Compass Inc. He achieved a record -adapted EBITDA and a free cash flow for 2024, with a projected revenue in the fourth quarter between 1.36 and 1.39 billion USD. The year -round revenue is now estimated at between $ 5.61 and $ 5.64 billion.
Analysts from Needham and Oppenheimer have retained positive prospects for Compass Inc., with Needham retained Kupa rating, and Oppenheimer has raised the target price of compass Inc. at $ 9.50. This adjustment comes after Compass’s strategic acquisitions of the Brokery Houses of Christie’s International, Midwest and Atlanta, as well as the Title companies, in a business estimated at $ 444 million.
In other recent events, Compass Inc. reported on the strong growth of its earnings in the third quarter, with a significant increase in revenue compared to last year and a rise in transactions. Adapted EBITDA Company has grown to $ 52 million, an increase of 139% compared to the same quarter of the previous year. These recent events emphasize the continuous momentum and the Compass Inc. growth trajectory. in the real estate technology sector.
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