Compass (NYSE:COMP) Issues Earnings Results, Beats Estimates By $0.02 EPS

Compass (NYSE:COMP) released its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02, Zacks reports. Compass had a negative return on equity of 49.45% and a negative net margin of 3.70%. During the same quarter in the prior year, the firm posted ($0.09) EPS. Compass updated its Q1 2025 guidance to EPS.

Compass Trading Up 0.4 %

Shares of COMP traded up $0.04 during mid-day trading on Tuesday, hitting $7.97. The company’s stock had a trading volume of 9,258,958 shares, compared to its average volume of 5,543,434. The firm has a 50-day simple moving average of $6.64 and a 200 day simple moving average of $6.17. The firm has a market capitalization of $4.06 billion, a P/E ratio of -19.91 and a beta of 2.95. Compass has a 1-year low of $2.89 and a 1-year high of $8.00.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COMP shares. Oppenheimer raised their price target on Compass from $8.50 to $9.50 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Compass in a research note on Thursday, January 16th. Barclays lifted 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. UBS Group upgraded Compass from a “neutral” rating to a “buy” rating and lifted their target price for the company from $7.00 to $11.00 in a research note on Tuesday, February 11th. Finally, The Goldman Sachs Group lifted their target price on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Compass currently has an average rating of “Moderate Buy” and an average price target of $7.65.

Insider Activity

In related news, CEO Robert L. Reffkin sold 49,316 shares of Compass stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $5.91, for a total transaction of $291,457.56. Following the completion of the transaction, the chief executive officer now directly owns 2,950,684 shares of the company’s stock, valued at approximately $17,438,542.44. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total value of $63,300,000.00. Following the transaction, the insider now directly owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This represents a 14.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,728,326 shares of company stock valued at $74,520,082 in the last three months. 6.25% of the stock is currently owned by company 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.