Compass (NYSE:COMP) Trading Down 8.6% – What’s Next?

Compass, Inc. (NYSE:COMP) fell 8.6% during mid-day trading on Wednesday . The company traded as low as $11.81 and last traded at $11.6660. 5,519,121 shares changed hands during trading, a decline of 77% from the average session volume of 24,158,904 shares. The stock had previously closed at $12.76.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COMP. UBS Group reaffirmed a “buy” rating and issued a $17.00 price target on shares of Compass in a research report on Monday. Odeon Capital Group initiated coverage on Compass in a report on Wednesday, November 19th. They issued a “buy” rating on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 target price on shares of Compass in a research report on Tuesday, November 4th. Wells Fargo & Company upped their price target on Compass from $8.00 to $13.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Finally, Barclays raised their price objective on Compass from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.64.

Compass Price Performance

The stock has a fifty day moving average of $11.63 and a 200 day moving average of $9.66. The firm has a market capitalization of $6.43 billion, a P/E ratio of -103.77 and a beta of 2.54.

Insiders Place Their Bets

In related news, CFO Scott R. Wahlers sold 99,986 shares of the business’s stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $12.03, for a total value of $1,202,831.58. Following the transaction, the chief financial officer directly owned 250,073 shares of the company’s stock, valued at approximately $3,008,378.19. The trade was a 28.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total transaction of $230,483.00. Following the transaction, the general counsel owned 258,712 shares of the company’s stock, valued at approximately $2,845,832. The trade was a 7.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 232,360 shares of company stock worth $2,634,501 over the last quarter. Company insiders own 4.08% of the company’s stock.

Compass Company Profile

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.