Compass (NYSE:COMP) Shares Down 13.2% – Here’s What Happened

Compass, Inc. (NYSE:COMP)’s share price dropped 13.2% during trading on Wednesday . The stock traded as low as $7.16 and last traded at $7.49. Approximately 8,648,018 shares were traded during trading, a decline of 51% from the average daily volume of 17,795,240 shares. The stock had previously closed at $8.63.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COMP shares. BTIG Research set a $12.00 price target on shares of Compass in a report on Wednesday, April 15th. Benchmark initiated coverage on Compass in a research note on Thursday, March 26th. They set a “buy” rating and a $14.00 price objective on the stock. Barclays reduced their price objective on Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Morgan Stanley raised their price objective on Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Finally, UBS Group dropped their target price on Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $12.63.

Compass Stock Performance

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 378.50 and a beta of 2.43. The company’s 50-day simple moving average is $7.82 and its 200-day simple moving average is $9.69.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.20. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Compass had a net margin of 0.17% and a return on equity of 1.11%. Analysts predict that Compass, Inc. will post 0.1 EPS for the current fiscal year.

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.