Compass (NYSE:COMP) Shares Gap Down Following Analyst Downgrade

Compass, Inc. (NYSE:COMP) shares gapped down prior to trading on Friday after Morgan Stanley lowered their price target on the stock from $8.50 to $8.00. The stock had previously closed at $7.73, but opened at $6.70. Morgan Stanley currently has an equal weight rating on the stock. Compass shares last traded at $6.72, with a volume of 2,961,593 shares.

A number of other research analysts have also recently issued reports on the company. Oppenheimer lifted their price objective on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Wells Fargo & Company initiated coverage on shares of Compass in a research note on Monday, April 28th. They issued a “positive” rating and a $8.00 price target on the stock. UBS Group reduced their price objective on shares of Compass from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Needham & Company LLC dropped their target price on shares of Compass from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday. Finally, The Goldman Sachs Group raised their price target on shares of Compass from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, March 27th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.09.

Insider Buying and Selling

In related news, General Counsel Bradley K. Serwin sold 137,472 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.16, for a total value of $1,259,243.52. Following the transaction, the general counsel now owns 221,595 shares of the company’s stock, valued at approximately $2,029,810.20. This trade represents a 38.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert L. Reffkin sold 224,510 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $7.90, for a total transaction of $1,773,629.00. Following the sale, the chief executive officer now directly owns 1,139,136 shares of the company’s stock, valued at approximately $8,999,174.40. This represents a 16.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,423,155 shares of company stock worth $122,225,645. 4.08% of the stock is owned by insiders.

Compass Stock Performance

The company has a market capitalization of $3.24 billion, a P/E ratio of -20.16 and a beta of 2.80. The stock has a fifty day moving average of $8.17 and a 200 day moving average of $7.35.

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

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.