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

Wall Street Zen cut shares of Compass (NYSE:COMP) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

A number of other research analysts have also recently commented on the stock. Zacks Research upgraded shares of Compass from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Odeon Capital Group started coverage on shares of Compass in a research note on Wednesday, November 19th. They issued a “buy” rating for the company. Compass Point set a $13.00 price target on shares of Compass in a research note on Monday, December 8th. Wells Fargo & Company raised their price objective on Compass from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Barclays raised Compass from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $9.00 to $13.00 in a research note on Monday, December 8th. Seven analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $11.06.

Compass Trading Up 1.2%

Shares of COMP opened at $10.70 on Monday. Compass has a twelve month low of $5.10 and a twelve month high of $11.07. The business’s 50-day moving average price is $9.28 and its 200-day moving average price is $8.24.

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. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%.The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. As a group, equities research analysts forecast that Compass will post 0.09 EPS for the current year.

Insider Activity

In other Compass news, CFO Scott R. Wahlers sold 49,900 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 363,725 shares in the company, valued at approximately $4,000,975. This represents a 12.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction that occurred 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 directly owned 258,712 shares of the company’s stock, valued at $2,845,832. This represents a 7.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 134,181 shares of company stock valued at $1,448,384. Insiders own 4.08% of the company’s stock.

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.