Compass (NYSE:COMP) Rating Lowered to “Hold” at Wall Street Zen

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

COMP has been the subject of several other reports. Compass Point set a $13.00 price objective on shares of Compass in a research note on Monday, December 8th. UBS Group raised their target price on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. 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, October 8th. Finally, Wells Fargo & Company lifted their price objective on Compass from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.06.

Compass Stock Performance

Compass stock opened at $10.58 on Monday. The business’s 50-day simple moving average is $9.20 and its two-hundred day simple moving average is $8.21. The company has a market cap of $5.94 billion, a PE ratio of -96.18 and a beta of 2.53. Compass has a fifty-two week low of $5.10 and a fifty-two week high of $11.07.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%.The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. As a group, analysts predict that Compass will post 0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other Compass news, CFO Scott R. Wahlers sold 49,900 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $548,900.00. Following the completion of the transaction, the chief financial officer owned 363,725 shares in the company, valued at approximately $4,000,975. This represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total transaction of $230,483.00. Following the sale, the general counsel directly owned 258,712 shares in the company, valued at approximately $2,845,832. The trade was a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 134,181 shares of company stock valued at $1,448,384 in the last ninety days. 4.08% of the stock is owned by corporate insiders.

Key Headlines Impacting Compass

Here are the key news stories impacting Compass this week:

• Positive Sentiment: Analyst says Google listing test likely won’t hurt Compass — a recent note that framed Google’s property-listing experiments as having minimal impact helped calm investor fears about competitive disruption. Read More.
• Positive Sentiment: Company to extend warrant expiry dates — management’s move to extend warrant expirations can reduce short-term dilution/forced conversions and provide more capital-structure flexibility. Read More.
• Neutral Sentiment: Bull case write-ups highlight long-term upside — recent bullish analyses reiterate growth and ancillary-services upside (title, etc.), but these are thesis pieces rather than new company disclosures. Read More.
• Neutral Sentiment: Unrelated “Compass” headlines creating noise — bankruptcy filings and closures at Compass Coffee (a separate business) are generating headline clutter that can confuse retail flows but are not directly tied to Compass, Inc.’s fundamentals. Read More. Read More.
• Negative Sentiment: Senators urge FTC/DOJ to scrutinize the Compass–Anywhere $1.6B deal — mounting political and regulatory scrutiny raises the risk the transaction faces delays, conditions or a potential challenge, which is a material deal-risk for future growth. Read More.
• Negative Sentiment: CFO Scott Wahlers sold 26,600 shares — an insider sale disclosed this week reduced his stake by ~7.8%; markets often interpret sizable insider selling as a negative signal even when sales are for personal liquidity. Read More.

About Compass

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.