Wall Street Zen Downgrades Compass (NYSE:COMP) to Hold

Compass (NYSE:COMP) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

COMP has been the topic of a number of other research reports. Barclays boosted their target price on Compass from $8.00 to $9.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Zacks Research raised Compass from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. UBS Group lifted their target price on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price on shares of Compass in a research report on Tuesday, November 4th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $10.17.

Compass Stock Performance

Shares of COMP opened at $10.33 on Friday. The company has a market capitalization of $5.80 billion, a PE ratio of -93.91 and a beta of 2.53. The company’s 50 day moving average price is $8.60 and its 200 day moving average price is $7.85. Compass has a 52 week low of $5.10 and a 52 week high of $11.03.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. On average, equities analysts forecast that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $230,483.00. Following the transaction, the general counsel directly owned 258,712 shares in the company, valued at approximately $2,845,832. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Scott R. Wahlers sold 49,900 shares of Compass stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total transaction of $548,900.00. Following the completion of the transaction, the chief financial officer owned 363,725 shares in the company, valued at $4,000,975. This trade represents a 12.06% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 107,581 shares of company stock worth $1,155,784. Insiders own 4.08% of the company’s stock.

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.