Wall Street Zen Downgrades Compass (NYSE:COMP) to Hold

Compass (NYSE:COMP) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also recently issued reports on COMP. Barclays increased their price objective on shares of Compass from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Wells Fargo & Company upped their target price on shares of Compass from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Compass in a research note on Wednesday, October 8th. Zacks Research raised Compass from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Finally, Odeon Capital Group assumed coverage on Compass in a research note on Wednesday, November 19th. They issued a “buy” rating for the company. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.17.

Compass Stock Performance

Shares of COMP opened at $10.33 on Friday. The business has a 50-day simple moving average of $8.60 and a two-hundred day simple moving average of $7.88. Compass has a 52 week low of $5.10 and a 52 week high of $11.03.

Compass (NYSE:COMP) last posted its quarterly earnings data 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. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%. Analysts forecast that Compass will post 0.09 EPS for the current year.

Insider Activity

In related news, CFO Scott R. Wahlers sold 49,900 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $548,900.00. Following the sale, the chief financial officer directly owned 363,725 shares in the company, valued at approximately $4,000,975. The trade was a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $230,483.00. Following the transaction, the general counsel owned 258,712 shares of the company’s stock, valued at $2,845,832. This represents a 7.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 107,581 shares of company stock worth $1,155,784 over the last ninety days. Insiders own 4.08% of the company’s stock.

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.