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

Compass, Inc. (NYSE:COMP)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $6.70, but opened at $6.51. Compass shares last traded at $6.43, with a volume of 900,651 shares trading hands.

Analyst Ratings Changes

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

Compass Trading Down 2.4 %

The stock has a market cap of $3.34 billion, a price-to-earnings ratio of -16.73 and a beta of 2.89. The firm has a fifty day simple moving average of $6.46 and a 200-day simple moving average of $5.32.

Insider Activity

In other news, CEO Robert L. Reffkin sold 496,302 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $6.18, for a total value of $3,067,146.36. Following the completion of the sale, the chief executive officer now directly owns 653,444 shares of the company’s stock, valued at $4,038,283.92. This represents a 43.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 1,032,900 shares of company stock valued at $6,777,531. 6.25% of the stock is currently owned by insiders.

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.