Compass (NYSE:COMP) Shares Down 8.6% - What's Next?

Key Points

• Compass shares fell 8.6% Wednesday to about $11.67 (intraday low $11.81), with mid-day volume around 5.52 million shares versus an average session volume of 24.16 million.
• Analysts are mixed: the consensus is a Moderate Buy with an average price target of $13.64, while recent notes range from downgrades to holds and upgrades raising targets to $15.
• Company insiders have been selling: the CFO sold ~99,986 shares and the general counsel sold ~20,953, with insiders disposing of 232,360 shares (~$2.63M) in the past 90 days and now owning 4.08% of the stock.

Compass, Inc. (NYSE:COMP - Get Free Report)'s share price fell 8.6% on Wednesday . The stock traded as low as $11.81 and last traded at $11.6660. Approximately 5,519,121 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 24,158,904 shares. The stock had previously closed at $12.76.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Compass from a "buy" rating to a "hold" rating in a research note on Friday, January 23rd. BTIG Research upped their target price on Compass from $12.50 to $15.00 and gave the company a "buy" rating in a report on Thursday, January 8th. Weiss Ratings restated a "sell (d-)" rating on shares of Compass in a report on Wednesday, January 21st. Barclays boosted their price target on shares of Compass from $13.00 to $15.00 and gave the stock an "overweight" rating in a research report on Thursday, January 15th. Finally, Wells Fargo & Company increased their price objective on shares of Compass from $8.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 13th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $13.64.

Compass Stock Down 10.5%

The firm has a market capitalization of $6.43 billion, a P/E ratio of -103.77 and a beta of 2.54. The company's 50 day moving average is $11.63 and its 200-day moving average is $9.66.

Insider Transactions at Compass

In other Compass news, CFO Scott R. Wahlers sold 99,986 shares of the stock in a transaction that occurred on Wednesday, January 7th. The stock was 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 in the company, valued at approximately $3,008,378.19. This represents a 28.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the business's stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $230,483.00. Following the sale, the general counsel owned 258,712 shares of the company's stock, valued at approximately $2,845,832. This represents a 7.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 232,360 shares of company stock valued at $2,634,501 over the last ninety days. 4.08% of the stock is currently owned by corporate insiders.

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.

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