Compass (NYSE:COMP) Posts Quarterly Earnings Results

Compass (NYSE:COMP) released its quarterly earnings data on Wednesday. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03, Zacks reports. Compass had a negative net margin of 4.53% and a negative return on equity of 56.79%. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the firm earned ($0.10) EPS. Compass updated its Q3 2024 guidance to EPS.

Compass Price Performance

COMP stock traded up $0.02 during mid-day trading on Friday, reaching $4.28. The company had a trading volume of 6,670,662 shares, compared to its average volume of 4,517,129. The company has a market capitalization of $2.12 billion, a PE ratio of -6.90 and a beta of 2.89. The firm has a 50 day moving average of $3.90 and a 200 day moving average of $3.70. Compass has a 12 month low of $1.82 and a 12 month high of $4.89.

Analyst Ratings Changes

Several analysts have recently issued reports on COMP shares. Needham & Company LLC upped their target price on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Thursday. Gordon Haskett upgraded shares of Compass from an “underperform” rating to a “hold” rating and upped their target price for the company from $3.00 to $3.75 in a research report on Tuesday, June 25th. UBS Group upped their target price on shares of Compass from $3.50 to $4.00 and gave the company a “neutral” rating in a research report on Tuesday, May 14th. Barclays upped their target price on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, The Goldman Sachs Group upped their target price on shares of Compass from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.28.

Insiders Place Their Bets

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

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.