Compass (NYSE:COMP) Stock Price Down 2.4% – Here’s Why

Compass, Inc. (NYSE:COMP)’s share price traded down 2.4% during mid-day trading on Monday . The company traded as low as $7.08 and last traded at $7.19. 643,511 shares changed hands during trading, a decline of 90% from the average session volume of 6,752,640 shares. The stock had previously closed at $7.37.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COMP. Wells Fargo & Company started coverage on shares of Compass in a research note on Monday. They issued a “positive” rating and a $8.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 target price on shares of Compass in a research note on Friday, March 14th. Oppenheimer boosted their price target on shares of Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group increased their price target on shares of Compass from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Thursday, March 27th. Finally, Barclays lifted their price target on shares of Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Compass has an average rating of “Moderate Buy” and a consensus target price of $9.53.

Compass Stock Performance

The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -23.24 and a beta of 2.79. The company has a 50 day moving average of $8.51 and a 200-day moving average of $7.23.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.02. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. Compass had a negative net margin of 2.74% and a negative return on equity of 39.72%. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. On average, research analysts anticipate that Compass, Inc. will post 0.09 EPS for the current year.

Insider Transactions at Compass

In other Compass news, CAO Scott R. Wahlers sold 250,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total value of $2,317,500.00. Following the sale, the chief accounting officer now directly owns 329,187 shares of the company’s stock, valued at approximately $3,051,563.49. This represents a 43.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $9.15, for a total transaction of $91,500,000.00. Following the completion of the sale, the insider now owns 48,070,273 shares in the company, valued at $439,842,997.95. The trade was a 17.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,423,155 shares of company stock valued at $122,225,645. 4.08% of the stock is currently owned by corporate insiders.

About Compass

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.