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

Compass, Inc. (NYSE:COMP)’s share price dropped 4.8% during mid-day trading on Monday . The stock 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.

Analysts Set New Price Targets

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

Compass Price Performance

The firm has a market capitalization of $3.08 billion, a P/E ratio of -15.07 and a beta of 2.89. The stock’s 50-day simple moving average is $6.48 and its two-hundred day simple moving average is $5.37.

Insider Activity

In other news, CEO Robert L. Reffkin sold 55,893 shares of Compass stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $6.92, for a total value of $386,779.56. Following the sale, the chief executive officer now directly owns 777,933 shares of the company’s stock, valued at approximately $5,383,296.36. The trade was a 6.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the completion of the transaction, the insider now directly owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This trade represents a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,032,900 shares of company stock worth $70,077,531 over the last ninety days. Corporate insiders own 6.25% of the company’s stock.

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.