Compass (NYSE:COMP) Stock Price Down 13.2% – Time to Sell?

Compass, Inc. (NYSE:COMP)’s stock price fell 13.2% on Wednesday . The stock traded as low as $7.16 and last traded at $7.49. 8,648,018 shares traded hands during trading, a decline of 51% from the average session volume of 17,795,240 shares. The stock had previously closed at $8.63.

Analyst Upgrades and Downgrades

Several research firms have weighed in on COMP. Wells Fargo & Company lowered their target price on Compass from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Morgan Stanley boosted their price target on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. BTIG Research set a $12.00 price target on shares of Compass in a report on Wednesday, April 15th. Barclays lowered their price target on shares of Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Compass in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.63.

Compass Price Performance

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 378.50 and a beta of 2.43. The company’s 50-day simple moving average is $7.82 and its 200 day simple moving average is $9.69.

Compass (NYSE:COMP) last announced its earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.20. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. Equities research analysts forecast that Compass, Inc. will post 0.1 EPS for the current year.

About Compass

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.