Compass, Inc. (NYSE:COMP - Get Free Report)'s stock price fell 1% during mid-day trading on Monday . The company traded as low as $5.79 and last traded at $5.85. 4,504,392 shares changed hands during trading, a decline of 20% from the average session volume of 5,607,114 shares. The stock had previously closed at $5.91.
Analyst Ratings Changes
COMP has been the subject of a number of analyst reports. Oppenheimer restated an "outperform" rating and issued a $12.00 price target (down from $13.00) on shares of Compass in a research note on Friday, May 9th. Barclays dropped their price target on Compass from $9.00 to $8.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. Morgan Stanley dropped their price objective on Compass from $8.50 to $8.00 and set an "equal weight" rating for the company in a report on Friday, May 9th. The Goldman Sachs Group upped their target price on Compass from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company assumed coverage on Compass in a research report on Monday, April 28th. They issued a "positive" rating and a $8.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $9.09.
Get Our Latest Analysis on COMP
Compass Stock Up 2.0%
The stock has a market cap of $3.22 billion, a PE ratio of -19.93 and a beta of 2.80. The company has a fifty day moving average price of $7.18 and a 200 day moving average price of $7.32.
Insiders Place Their Bets
In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $9.15, for a total value of $91,500,000.00. Following the sale, the insider now owns 48,070,273 shares in the company, valued at $439,842,997.95. This represents a 17.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.08% of the company's stock.
Compass Company Profile
(
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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.
Further Reading
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