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

Compass, Inc. (NYSE:COMP)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $9.61, but opened at $9.40. Compass shares last traded at $9.51, with a volume of 941,801 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Barclays boosted their price objective on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group lifted their price target on Compass from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $12.00 target price on shares of Compass in a research report on Friday, March 14th. Finally, Morgan Stanley raised 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. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.75.

Compass Stock Down 0.2 %

The stock has a 50 day moving average price of $8.08 and a two-hundred day moving average price of $6.89. The company has a market cap of $4.97 billion, a P/E ratio of -30.95 and a beta of 2.88.

Compass (NYSE:COMP) last posted its earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Compass had a negative return on equity of 39.72% and a negative net margin of 2.74%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm earned ($0.09) earnings per share. Equities analysts anticipate that Compass, Inc. will post 0.09 EPS for the current year.

Insider Activity at Compass

In other Compass news, Director Pamela Thomas-Graham sold 35,683 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $9.00, for a total transaction of $321,147.00. Following the completion of the transaction, the director now owns 93,990 shares of the company’s stock, valued at approximately $845,910. The trade was a 27.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Bradley K. Serwin sold 137,472 shares of Compass stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.16, for a total value of $1,259,243.52. Following the completion of the transaction, the general counsel now directly owns 221,595 shares in the company, valued at approximately $2,029,810.20. This represents a 38.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,926,971 shares of company stock worth $40,172,099. Company insiders own 6.25% of the company’s stock.

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.