Compass (NYSE:COMP) Rating Lowered to “Hold” at Wall Street Zen

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

Several other analysts have also recently issued reports on COMP. Compass Point set a $13.00 target price on Compass in a research report on Monday, December 8th. Zacks Research upgraded Compass from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. UBS Group set a $10.00 price objective on shares of Compass in a report on Tuesday, January 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. Finally, Barclays upped their target price on shares of Compass from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.30.

Compass Stock Performance

Shares of NYSE:COMP opened at $13.30 on Friday. The stock’s 50-day simple moving average is $10.94 and its two-hundred day simple moving average is $9.08. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of -120.91 and a beta of 2.53. Compass has a 52-week low of $5.66 and a 52-week high of $13.53.

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

Insider Activity at Compass

In other news, CFO Scott R. Wahlers sold 99,986 shares of Compass stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total value of $1,202,831.58. Following the completion of the transaction, the chief financial officer owned 250,073 shares in the company, valued at approximately $3,008,378.19. The trade was a 28.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the business’s stock in a transaction that occurred 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 represents a 7.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 234,167 shares of company stock worth $2,651,216 over the last three months. 4.08% of the stock is currently 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.