Compass (NYSE:COMP) Shares Down 4.6% After Analyst Downgrade

Shares of Compass, Inc. (NYSE:COMP - Get Free Report) fell 4.6% during mid-day trading on Friday after BTIG Research lowered their price target on the stock from $4.50 to $4.30. BTIG Research currently has a buy rating on the stock. Compass traded as low as $3.77 and last traded at $3.77. 224,024 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 4,508,488 shares. The stock had previously closed at $3.95.

A number of other research analysts have also weighed in on the company. Oppenheimer reissued an "outperform" rating and set a $6.00 price target (up previously from $5.50) on shares of Compass in a research note on Wednesday. Morgan Stanley dropped their price objective on Compass from $4.00 to $2.25 and set an "equal weight" rating for the company in a report on Tuesday, November 7th. Gordon Haskett lowered Compass from a "hold" rating to an "underperform" rating and cut their target price for the stock from $2.75 to $2.25 in a research report on Wednesday, February 21st. The Goldman Sachs Group increased their target price on Compass from $3.50 to $4.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $5.00 target price on shares of Compass in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, Compass has an average rating of "Hold" and an average target price of $3.72.

Get Our Latest Stock Analysis on Compass

Insider Buying and Selling at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm's stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $3.66, for a total value of $36,600,000.00. Following the transaction, the insider now directly owns 92,470,273 shares of the company's stock, valued at $338,441,199.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.89% of the stock is currently owned by corporate insiders.

Compass Price Performance

The firm has a 50-day simple moving average of $3.59 and a 200 day simple moving average of $3.00. The company has a market capitalization of $1.86 billion, a PE ratio of -5.66 and a beta of 2.93.

Compass (NYSE:COMP - Get Free Report) last announced its earnings results on Tuesday, February 27th. The company reported ($0.17) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.17). Compass had a negative return on equity of 70.51% and a negative net margin of 6.58%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company earned ($0.36) earnings per share. Equities research analysts expect that Compass, Inc. will post -0.36 EPS for the current fiscal year.

About Compass

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.

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