Compass (NYSE:COMP) Issues Earnings Results

Compass (NYSE:COMP) issued its quarterly earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03, Zacks reports. The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.65 billion. Compass had a negative return on equity of 56.79% and a negative net margin of 4.53%. During the same period last year, the company posted ($0.10) EPS. Compass updated its Q3 2024 guidance to EPS.

Compass Trading Up 0.5 %

Shares of COMP traded up $0.02 during trading hours on Friday, reaching $4.28. 6,670,662 shares of the stock traded hands, compared to its average volume of 4,517,129. The stock has a fifty day simple moving average of $3.90 and a 200 day simple moving average of $3.70. Compass has a 52 week low of $1.82 and a 52 week high of $4.89. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -6.91 and a beta of 2.89.

Insiders Place Their Bets

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 16,900,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $4.30, for a total value of $72,670,000.00. Following the sale, the insider now owns 75,570,273 shares of the company’s stock, valued at $324,952,173.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 6.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COMP. UBS Group lifted their target price on Compass from $3.50 to $4.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 14th. Needham & Company LLC lifted their target price on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday. Barclays boosted their price objective on shares of Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday. The Goldman Sachs Group boosted their price objective on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday. Finally, Gordon Haskett raised shares of Compass from an “underperform” rating to a “hold” rating and lifted their target price for the stock from $3.00 to $3.75 in a report on Tuesday, June 25th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.28.

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.