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

Compass (NYSE:COMP) issued its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share 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 company posted ($0.09) earnings per share. Compass updated its Q1 2025 guidance to EPS.

Compass Stock Performance

NYSE COMP opened at $7.97 on Wednesday. Compass has a 1-year low of $2.89 and a 1-year high of $8.00. The business has a 50 day simple moving average of $6.64 and a two-hundred day simple moving average of $6.17.

Analysts Set New Price Targets

COMP has been the topic of a number of recent analyst reports. Oppenheimer raised 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 issued a $10.00 price objective on shares of Compass in a report on Thursday, January 16th. 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 report on Tuesday, December 3rd. Barclays lifted their price target on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. Finally, UBS Group upgraded shares of Compass from a “neutral” rating to a “buy” rating and upped their target price for the stock from $7.00 to $11.00 in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.65.

Insider Activity

In other Compass news, CEO Robert L. Reffkin sold 804,893 shares of Compass stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $5.91, for a total transaction of $4,756,917.63. Following the completion of the sale, the chief executive officer now directly owns 2,145,791 shares in the company, valued at approximately $12,681,624.81. The trade was a 27.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the completion of the transaction, the insider now owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This trade represents a 14.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,728,326 shares of company stock worth $74,520,082. 6.25% of the stock is currently owned by corporate 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.