Compass (NYSE:COMP) Trading Down 4.7% – What’s Next?

Compass, Inc. (NYSE:COMP) dropped 4.7% during trading on Wednesday . The company traded as low as $5.35 and last traded at $5.43. Approximately 1,076,055 shares traded hands during trading, a decline of 76% from the average daily volume of 4,550,129 shares. The stock had previously closed at $5.70.

Analysts Set New Price Targets

Several research firms recently weighed in on COMP. Gordon Haskett upgraded Compass from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $3.00 to $3.75 in a report on Tuesday, June 25th. UBS Group upped their price objective on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday. Needham & Company LLC lifted their target price on shares of Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Oppenheimer upped their price target on shares of Compass from $6.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Finally, Barclays raised their price target on Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Compass presently has a consensus rating of “Hold” and an average target price of $4.78.

Compass Stock Down 2.3 %

The stock has a market cap of $2.75 billion, a price-to-earnings ratio of -8.98 and a beta of 2.93. The company’s 50-day moving average is $5.69 and its 200-day moving average is $4.49.

Compass (NYSE:COMP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Compass had a negative return on equity of 57.23% and a negative net margin of 4.53%. During the same period last year, the business earned ($0.10) earnings per share. On average, research analysts forecast that Compass, Inc. will post -0.38 earnings per share for the current year.

Insider Buying and Selling at Compass

In related news, CEO Robert L. Reffkin sold 164,514 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $4.90, for a total value of $806,118.60. Following the completion of the sale, the chief executive officer now owns 835,486 shares of the company’s stock, valued at $4,093,881.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Robert L. Reffkin sold 164,514 shares of Compass stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $4.90, for a total value of $806,118.60. Following the completion of the sale, the chief executive officer now directly owns 835,486 shares in the company, valued at $4,093,881.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert L. Reffkin sold 27,664 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $4.17, for a total transaction of $115,358.88. Following the sale, the chief executive officer now directly owns 393,486 shares of the company’s stock, valued at approximately $1,640,836.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,267,261 shares of company stock worth $56,222,967. 6.25% of the stock is currently owned by insiders.

Compass Company Profile

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.