Compass (NYSE:COMP) Downgraded by Wall Street Zen to Hold

Compass (NYSE:COMP) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Wednesday.

Several other research firms have also commented on COMP. Zacks Research raised shares of Compass from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Wells Fargo & Company increased their target price on shares of Compass from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. UBS Group lifted their price target on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Odeon Capital Group initiated coverage on Compass in a research report on Wednesday, November 19th. They set a “buy” rating on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and set a $11.00 price objective on shares of Compass in a report on Tuesday, November 4th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.06.

Compass Stock Down 0.2%

Shares of COMP opened at $10.83 on Wednesday. The business has a 50-day simple moving average of $9.95 and a two-hundred day simple moving average of $8.59. Compass has a 52 week low of $5.10 and a 52 week high of $11.07. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of -98.41 and a beta of 2.53.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%.The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. On average, equities analysts anticipate that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

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 stock was sold at an average price of $11.00, for a total value of $230,483.00. Following the completion of the transaction, the general counsel owned 258,712 shares in the company, valued at $2,845,832. This trade represents a 7.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Scott R. Wahlers sold 49,900 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $548,900.00. Following the sale, the chief financial officer owned 363,725 shares in the company, valued at approximately $4,000,975. The trade was a 12.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 134,181 shares of company stock worth $1,448,384. 4.08% of the stock is owned by insiders.

About Compass

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.