Compass (NYSE:COMP) Stock Rating Lowered by Wall Street Zen

Compass (NYSE:COMP) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Several other analysts have also recently weighed in on the stock. BTIG Research raised their price objective on shares of Compass from $11.00 to $12.50 and gave the company a “buy” rating in a research report on Tuesday, November 25th. UBS Group lifted their price target on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Compass in a report on Tuesday, November 4th. Barclays raised Compass from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $9.00 to $13.00 in a report on Monday, December 8th. Finally, Odeon Capital Group assumed coverage on Compass in a research note on Wednesday, November 19th. They issued a “buy” rating for the company. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Compass presently has a consensus rating of “Moderate Buy” and an average price target of $11.06.

Compass Trading Down 1.0%

COMP stock opened at $10.62 on Monday. The firm has a 50 day moving average of $9.35 and a 200-day moving average of $8.27. The firm has a market capitalization of $5.96 billion, a P/E ratio of -96.50 and a beta of 2.53. Compass has a 12 month low of $5.10 and a 12 month high of $11.07.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%. Sell-side analysts predict that Compass will post 0.09 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Scott R. Wahlers sold 26,600 shares of Compass stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $11.00, for a total value of $292,600.00. Following the sale, the chief financial officer owned 313,625 shares in the company, valued at $3,449,875. The trade was a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total transaction of $230,483.00. Following the completion of the transaction, the general counsel owned 258,712 shares of the company’s stock, valued at $2,845,832. This trade represents a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 134,181 shares of company stock valued at $1,448,384 in the last ninety days. 4.08% of the stock is currently owned by insiders.

Compass Company Profile

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.