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

Shares of Compass, Inc. (NYSE:COMP - Get Free Report) 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.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on COMP shares. Barclays raised their target price on Compass from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 25th. Needham & Company LLC reissued a "buy" rating and set a $12.00 price objective on shares of Compass in a report on Friday, March 14th. UBS Group boosted their target price 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. Oppenheimer increased their target price on shares of Compass from $12.00 to $13.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 19th. Finally, The Goldman Sachs Group boosted their price target on shares of Compass from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $9.89.

Compass Price Performance

The stock has a 50 day moving average price of $8.32 and a two-hundred day moving average price of $6.98. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of -29.47 and a beta of 2.88.

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

Insider Buying and Selling

In other news, CAO Scott R. Wahlers sold 250,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $9.27, for a total value of $2,317,500.00. Following the transaction, the chief accounting officer now owns 329,187 shares of the company's stock, valued at approximately $3,051,563.49. This trade represents a 43.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the business's stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,926,971 shares of company stock worth $131,672,099 in the last quarter. 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.