Compass (NYSE:COMP) Shares Gap Down – Here’s What Happened

Shares of Compass, Inc. (NYSE:COMP) gapped down before the market opened 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on COMP shares. Oppenheimer boosted their price objective on Compass from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Morgan Stanley raised their price objective on shares of Compass from $6.00 to $8.50 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Needham & Company LLC reissued a “buy” rating and set a $12.00 target price on shares of Compass in a report on Friday, March 14th. UBS Group raised their price target on Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Finally, Barclays boosted their price objective on Compass from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $9.75.

Compass Price Performance

The company has a market cap of $4.79 billion, a P/E ratio of -30.11 and a beta of 2.88. The company has a 50 day moving average of $8.22 and a 200-day moving average of $6.94.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.02. The firm 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 quarter last year, the company posted ($0.09) EPS. Research analysts anticipate that Compass, Inc. will post 0.09 EPS for the current year.

Insider Activity

In related news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $91,500,000.00. Following the transaction, the insider now directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Pamela Thomas-Graham sold 35,683 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $9.00, for a total transaction of $321,147.00. Following the transaction, the director now owns 93,990 shares in the company, valued at $845,910. The trade was a 27.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,926,971 shares of company stock worth $131,672,099. 6.25% of the stock is currently owned by corporate 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.