Compass (NYSE:COMP) Trading Down 6.5% – Here’s What Happened

Compass, Inc. (NYSE:COMP) fell 6.5% during trading on Tuesday . The company traded as low as $10.06 and last traded at $9.9530. Approximately 4,844,528 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 15,845,070 shares. The stock had previously closed at $10.65.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on COMP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $15.00 target price on shares of Compass in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Compass from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Wells Fargo & Company upped their target price on Compass from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Barclays increased their target price on Compass from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group boosted their price target on Compass from $10.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.15.

Compass Trading Down 0.3%

The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 172.17 and a beta of 2.32. The business’s 50-day moving average price is $11.61 and its two-hundred day moving average price is $9.69.

Compass (NYSE:COMP) last released its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Compass had a net margin of 0.63% and a return on equity of 3.62%. Equities analysts expect that Compass, Inc. will post 0.24 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Robert Reffkin sold 23,456 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $11.70, for a total transaction of $274,435.20. Following the transaction, the chief executive officer directly owned 7,757,748 shares in the company, valued at approximately $90,765,651.60. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.85% of the company’s stock.

Institutional Investors Weigh In On Compass

Several hedge funds have recently modified their holdings of the stock. IFP Advisors Inc acquired a new position in Compass during the second quarter worth approximately $31,000. Nykredit A S purchased a new stake in shares of Compass during the 2nd quarter valued at $77,000. Allworth Financial LP acquired a new stake in shares of Compass during the 2nd quarter worth $110,000. Angeles Wealth Management LLC acquired a new stake in shares of Compass during the 2nd quarter worth $224,000. Finally, Wedmont Private Capital purchased a new position in shares of Compass in the 2nd quarter worth $242,000. 67.05% of the stock is owned by institutional investors and hedge funds.

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides brokerage services through a network of real estate agents who help clients buy, sell, and market residential properties.

Compass supports its agents with a suite of digital tools, including customer relationship management, property search, marketing, lead generation, transaction management, and workflow software. Its platform is designed to streamline the real estate process while helping agents manage client relationships and promote property listings.

Founded in 2012 as Urban Compass, the company later adopted the Compass name and expanded its operations across major U.S.