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

Wall Street Zen cut shares of Compass (NYSE:COMPFree Report) from a buy rating to a hold rating in a research note published on Wednesday morning.

Other analysts have also recently issued reports about the stock. UBS Group raised 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 began coverage on shares of Compass in a research report on Wednesday, November 19th. They issued a “buy” rating for the company. BTIG Research boosted their price target on shares of Compass from $11.00 to $12.50 and gave the company a “buy” rating in a report on Tuesday, November 25th. Compass Point set a $13.00 price objective on Compass in a report on Monday, December 8th. Finally, Barclays raised Compass from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $9.00 to $13.00 in a research report on Monday, December 8th. Seven investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.06.

Check Out Our Latest Stock Analysis on Compass

Compass Stock Up 9.2%

Shares of Compass stock opened at $11.83 on Wednesday. Compass has a 12 month low of $5.10 and a 12 month high of $12.58. The stock has a market cap of $6.64 billion, a PE ratio of -107.55 and a beta of 2.53. The business has a fifty day simple moving average of $10.03 and a 200-day simple moving average of $8.61.

Compass (NYSE:COMPGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The firm had revenue of $1.85 billion for 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%. Analysts expect that Compass will post 0.09 EPS for the current fiscal year.

Insider Transactions at Compass

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the business’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 value of $230,483.00. Following the completion of the sale, the general counsel directly owned 258,712 shares in the company, valued at approximately $2,845,832. The trade was a 7.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Scott R. Wahlers sold 26,600 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $11.00, for a total value of $292,600.00. Following the sale, the chief financial officer directly owned 313,625 shares of the company’s stock, valued at $3,449,875. The trade was a 7.82% decrease in their position. 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. Insiders own 4.08% of the company’s stock.

Key Compass News

Here are the key news stories impacting Compass this week:

Compass Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Compass (NYSE:COMP)

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