Compass (NYSE:COMP) Cut to “Hold” at Wall Street Zen

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

A number of other equities research analysts have also commented on the company. Barclays upped their price objective 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised Compass from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Tuesday, January 20th. Zacks Research raised Compass from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Finally, UBS Group set a $10.00 target price on Compass in a research report on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.30.

Compass Price Performance

Shares of COMP stock opened at $13.34 on Friday. The business’s 50-day moving average price is $11.01 and its 200-day moving average price is $9.17. Compass has a 12 month low of $5.66 and a 12 month high of $13.53.

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

Insider Buying and Selling

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total transaction of $230,483.00. Following the completion of the sale, the general counsel directly owned 258,712 shares in the company, valued at $2,845,832. This represents a 7.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Scott R. Wahlers sold 99,986 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $12.03, for a total transaction of $1,202,831.58. Following the sale, the chief financial officer directly owned 250,073 shares of the company’s stock, valued at $3,008,378.19. The trade was a 28.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 234,167 shares of company stock worth $2,651,216 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.