Compass (NYSE:COMP) Lowered to Hold Rating by Wall Street Zen

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

Several other brokerages have also issued reports on COMP. Zacks Research raised Compass from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. UBS Group set a $10.00 price target on Compass in a research note on Tuesday, January 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Compass in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Compass from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday. Finally, Barclays upped their price target on shares of Compass from $13.00 to $15.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.30.

Compass Stock Down 0.2%

NYSE:COMP opened at $13.30 on Friday. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of -120.91 and a beta of 2.53. Compass has a 52 week low of $5.66 and a 52 week high of $13.53. The firm has a 50 day moving average of $10.94 and a 200 day moving average of $9.08.

Compass (NYSE:COMP) last released its quarterly earnings results 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 net margin of 0.85% and a negative return on equity of 8.83%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. As a group, analysts expect that Compass will post 0.09 EPS for the current year.

Insider Activity

In other Compass news, 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 of the company’s stock, valued at approximately $2,845,832. This trade represents a 7.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Scott R. Wahlers sold 99,986 shares of Compass stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $12.03, for a total value 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. The trade was a 28.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 234,167 shares of company stock worth $2,651,216 over the last ninety days. 4.08% of the stock is owned by 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.