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

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

COMP has been the topic of several other research reports. Barclays increased their price target 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. BTIG Research raised their target price on Compass from $12.50 to $15.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Compass in a report on Tuesday, November 4th. Wells Fargo & Company upped their price objective on Compass from $8.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised Compass from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.30.

Compass Stock Performance

Shares of NYSE COMP opened at $13.34 on Friday. The stock has a market capitalization of $7.51 billion, a P/E ratio of -121.23 and a beta of 2.53. The stock’s fifty day moving average is $11.01 and its 200 day moving average is $9.15. Compass has a 52 week low of $5.66 and a 52 week high of $13.53.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. Equities research analysts forecast that Compass will post 0.09 earnings per share for the current year.

Insider Transactions at Compass

In other Compass news, CFO Scott R. Wahlers sold 99,986 shares of the stock in a transaction dated 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 directly owned 250,073 shares in the company, valued at approximately $3,008,378.19. This trade represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $230,483.00. Following the sale, the general counsel owned 258,712 shares in the company, valued at approximately $2,845,832. This trade represents a 7.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 234,167 shares of company stock valued at $2,651,216. 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.