Compass Inc (NYSE:COMP) shares traded 2.22% higher at $3.68 on Wall Street last session.
COMP stock price is now 2.52% away from the 50-day moving average and 14.87% away from the 200-day moving average. The market capitalization of the company currently stands at $1.78B.
With the price target reduced from $2.75 to $2.25, Gordon Haskett Downgraded its rating from Hold to Underperform for Compass Inc (NYSE: COMP). On November 21, 2023, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $2.70, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, SVF Excalibur (Cayman) Ltd, 10% Owner sold 10,000,000 shares of the company’s stock on Jan 09 ’24. The stock was sold for $36,600,000 at an average price of $3.66. Upon completion of the transaction, the 10% Owner now directly owns 92,470,273 shares in the company, valued at $340.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14 ’23, 10% Owner SVF Excalibur (Cayman) Ltd sold 14,895,000 shares of the business’s stock. A total of $39,620,700 was realized by selling the stock at an average price of $2.66. This leaves the insider owning 102,470,273 shares of the company worth $377.09 million. A total of 24.92% of the company’s stock is owned by insiders.
During the past 12 months, Compass Inc has had a low of $1.82 and a high of $4.49. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 0.96, and a quick ratio of 0.96. The fifty day moving average price for COMP is $3.5922 and a two-hundred day moving average price translates $3.2060 for the stock.
The latest earnings results from Compass Inc (NYSE: COMP) was released for Dec, 2023. According to the Real Estate Services Company, earnings per share came in at -$0.17, beating analysts’ expectations of -$0.18 by 0.01. This compares to -$0.36 EPS in the same period last year. The net profit margin was -6.58% and return on equity was -67.94% for COMP. The company reported revenue of $1.1 billion for the quarter, compared to $1.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.98 percent. For the current quarter, analysts expect COMP to generate $1.02B in revenue.
Compass Inc(COMP) 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. It also provides full-service title and escrow/settlement services to real estate agents’ clients, real estate companies, and financial institutions relating to the closing of home purchases as well as the refinancing of home loans; and Compass Concierge, a program in which home sellers access to capital to front the cost of home improvement services. The company was formerly known as Urban Compass, Inc. and changed its name to Compass, Inc. in January 2021.Compass, Inc. was incorporated in 2012 and is headquartered in New York, New York.
