Compass’ (COMP) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Compass (NYSE:COMP) in a research note issued to investors on Tuesday morning,Benzinga reports. Needham & Company LLC currently has a $11.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Compass in a research note on Wednesday, October 8th. BTIG Research increased their price target on Compass from $9.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, August 27th. Barclays set a $8.00 price objective on Compass and gave the company an “equal weight” rating in a report on Thursday, July 31st. UBS Group upped their target price on Compass from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Zacks Research downgraded Compass from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.00.

Compass Price Performance

Shares of COMP opened at $8.52 on Tuesday. The firm has a 50 day simple moving average of $8.23 and a two-hundred day simple moving average of $7.45. Compass has a one year low of $5.10 and a one year high of $10.25. The company has a market cap of $4.48 billion, a P/E ratio of -77.45 and a beta of 2.56.

Compass (NYSE:COMP) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.79 billion. Compass had a negative return on equity of 9.53% and a negative net margin of 0.85%. Compass has set its Q4 2025 guidance at EPS. On average, analysts expect that Compass will post 0.09 earnings per share for the current fiscal year.

Insider Activity at Compass

In other news, General Counsel Bradley K. Serwin sold 13,065 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $9.50, for a total value of $124,117.50. Following the sale, the general counsel directly owned 252,221 shares of the company’s stock, valued at approximately $2,396,099.50. This represents a 4.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 4.08% of the company’s stock.

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.