Compass (NYSE:COMP) Shares Down 4.8% – Time to Sell?

Compass, Inc. (NYSE:COMP)’s stock price dropped 4.8% during mid-day trading on Monday . The company traded as low as $5.93 and last traded at $5.93. Approximately 345,158 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 4,539,667 shares. The stock had previously closed at $6.23.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays lifted their price objective on shares of Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. UBS Group boosted their target price on Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Oppenheimer boosted their target price on shares of Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $8.00 price target on shares of Compass in a report on Tuesday, December 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.72.

Compass Stock Down 0.5 %

The firm’s 50-day moving average price is $6.48 and its 200-day moving average price is $5.40. The company has a market cap of $3.06 billion, a P/E ratio of -15.00 and a beta of 2.89.

Insiders Place Their Bets

In related news, CEO Robert L. Reffkin sold 496,302 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $6.18, for a total value of $3,067,146.36. Following the completion of the transaction, the chief executive officer now directly owns 653,444 shares in the company, valued at approximately $4,038,283.92. The trade was a 43.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total value of $63,300,000.00. Following the sale, the insider now owns 58,070,273 shares in the company, valued at $367,584,828.09. The trade was a 14.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,032,900 shares of company stock worth $70,077,531 in the last ninety days. 6.25% of the stock is currently owned by insiders.

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.