Compass (NYSE:COMP) Trading Down 8.1% – Should You Sell?

Compass, Inc. (NYSE:COMP) traded down 8.1% during mid-day trading on Friday . The company traded as low as $8.52 and last traded at $8.60. 11,854,746 shares were traded during mid-day trading, a decline of 50% from the average session volume of 23,686,941 shares. The stock had previously closed at $9.36.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on COMP shares. Compass Point set a $15.00 price objective on shares of Compass in a research report on Monday, January 26th. Odeon Capital Group started coverage on shares of Compass in a report on Wednesday, November 19th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass in a research report on Wednesday, January 21st. UBS Group reiterated a “buy” rating and set a $17.00 price target on shares of Compass in a report on Monday, February 9th. Finally, The Goldman Sachs Group started coverage on Compass in a research report on Tuesday, January 27th. They issued a “neutral” rating and a $14.00 price objective for the company. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Compass currently has an average rating of “Moderate Buy” and a consensus target price of $13.64.

Compass Stock Performance

The firm’s 50 day moving average price is $11.39 and its two-hundred day moving average price is $9.87. The company has a market cap of $4.91 billion, a P/E ratio of -87.19 and a beta of 2.57.

Compass (NYSE:COMP) last issued its earnings results on Thursday, February 26th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.69 billion. Compass had a negative return on equity of 7.99% and a negative net margin of 0.84%. As a group, analysts forecast that Compass, Inc. will post 0.09 EPS for the current fiscal year.

Insider Activity

In other news, CFO Scott R. Wahlers sold 99,986 shares of the stock in a transaction dated 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 transaction, the chief financial officer owned 250,073 shares of the company’s stock, valued at $3,008,378.19. This represents a 28.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.08% of the stock is owned by company insiders.

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.