Compass (NYSE:COMP) Stock Price Down 4.8% – Here’s Why

Compass, Inc. (NYSE:COMP) shares traded down 4.8% during trading on Monday . The stock traded as low as $5.93 and last traded at $5.93. 345,158 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 4,539,667 shares. The stock had previously closed at $6.23.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on COMP shares. Oppenheimer boosted their price target on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and set a $8.00 target price on shares of Compass in a report on Tuesday, December 3rd. Barclays lifted their price target 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 upped their target price on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group upped their price objective on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.72.

Compass Stock Down 0.5 %

The company has a market cap of $3.06 billion, a P/E ratio of -15.00 and a beta of 2.89. The stock has a 50 day moving average price of $6.48 and a two-hundred day moving average price of $5.40.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 496,302 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $6.18, for a total transaction of $3,067,146.36. Following the sale, the chief executive officer now directly owns 653,444 shares in the company, valued at $4,038,283.92. This represents a 43.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,032,900 shares of company stock valued at $70,077,531. 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.