Compass (NYSE:COMP) Stock Price Down 2.4% - Here's Why

Compass, Inc. (NYSE:COMP - Get Free Report) shares were down 2.4% during mid-day trading on Monday . The stock traded as low as $7.08 and last traded at $7.19. Approximately 643,511 shares changed hands during trading, a decline of 90% from the average daily volume of 6,752,640 shares. The stock had previously closed at $7.37.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on COMP shares. Wells Fargo & Company started coverage on shares of Compass in a research note on Monday. They set a "positive" rating and a $8.00 target price on the stock. The Goldman Sachs Group upped their target price on shares of Compass from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Thursday, March 27th. Morgan Stanley upped their target price on shares of Compass from $6.00 to $8.50 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Barclays upped their target price on shares of Compass from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $12.00 target price on shares of Compass in a research note on Friday, March 14th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Compass presently has a consensus rating of "Moderate Buy" and a consensus price target of $9.53.

Compass Trading Down 2.2 %

The stock has a market capitalization of $3.73 billion, a P/E ratio of -23.24 and a beta of 2.79. The business has a 50-day moving average price of $8.51 and a 200 day moving average price of $7.23.

Compass (NYSE:COMP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.02. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. During the same period last year, the company earned ($0.09) earnings per share. On average, sell-side analysts predict that Compass, Inc. will post 0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $9.15, for a total value of $91,500,000.00. Following the completion of the transaction, the insider now owns 48,070,273 shares of the company's stock, valued at approximately $439,842,997.95. This trade represents a 17.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Bradley K. Serwin sold 137,472 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $9.16, for a total transaction of $1,259,243.52. Following the completion of the transaction, the general counsel now directly owns 221,595 shares of the company's stock, valued at approximately $2,029,810.20. This represents a 38.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,423,155 shares of company stock worth $122,225,645 over the last three months. 4.08% of the stock is owned by insiders.

Compass Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.