Compass (NYSE:COMP) Stock Gets Price Target Cut from Needham & Company LLC

Compass (NYSE:COMP) had its price target lowered by Needham & Company LLC from $17.00 to $12.00 in a research note issued to investors on Friday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on COMP. Zelman & Associates reaffirmed a “hold” rating and issued a $13.50 price objective on shares of Compass in a research report on Thursday, August 6th. Compass Point set a $11.00 target price on Compass in a research report on Wednesday. Citigroup initiated coverage on Compass in a research report on Wednesday. They issued an “outperform” rating on the stock. UBS Group upped their target price on Compass from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, The Goldman Sachs Group increased their price target on Compass from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Compass Trading Down 0.4%

Shares of COMP stock opened at $9.10 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. Compass has a 12-month low of $6.37 and a 12-month high of $13.95. The firm has a fifty day moving average of $10.52 and a 200-day moving average of $9.82.

Compass (NYSE:COMP) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Compass had a net margin of 0.63% and a return on equity of 3.62%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.11 billion. Sell-side analysts predict that Compass will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Robert Reffkin sold 23,456 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $11.70, for a total transaction of $274,435.20. Following the transaction, the chief executive officer directly owned 7,757,748 shares of the company’s stock, valued at approximately $90,765,651.60. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.85% of the company’s stock.

Institutional Trading of Compass

A number of institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP bought a new stake in shares of Compass during the 2nd quarter worth approximately $41,838,000. Irenic Capital Management LP acquired a new stake in shares of Compass during the 2nd quarter worth approximately $22,156,000. Readystate Asset Management LP bought a new position in Compass in the second quarter valued at approximately $20,237,000. Steamboat Capital Partners LLC bought a new position in Compass in the second quarter valued at approximately $17,069,000. Finally, Squarepoint Ops LLC acquired a new position in Compass during the second quarter valued at approximately $10,232,000. Institutional investors own 67.05% of the company’s stock.

Key Compass News

Here are the key news stories impacting Compass this week:

• Positive Sentiment: Falling long-term interest rates have supported housing and real-estate brokerage stocks, helping Compass participate in a recent sector rally. Opendoor and Zillow Surge 7% as Long-Term Rates Retreat; Compass Climbs 6%
• Positive Sentiment: Compass is reportedly tightening its grip on the Los Angeles County market, suggesting improved competitive positioning and potential support for transaction volume and agent recruitment. The Data Drop: Compass tightens its grip on LA
• Positive Sentiment: Needham maintained a “buy” rating, although it reduced its price target to $12 from $17. The new target still implies substantial upside from the referenced share price. Needham Lowers Compass Price Target
• Neutral Sentiment: Compass will release third-quarter 2026 results after the market closes on November 5, followed by a conference call. Investors may remain cautious ahead of the report. Compass to Announce Third Quarter Results on November 5
• Negative Sentiment: Compass sued the California Regional Multiple Listing Service over listing-cooperation rules, alleging anticompetitive conduct. The company said it will cover fines imposed on agents, potentially increasing legal and regulatory costs. Compass files antitrust suit against CRMLS over listing rules
• Negative Sentiment: Several law firms announced or promoted securities class actions involving former Anywhere Real Estate shareholders who received Compass shares in the January merger. The complaints allege misleading disclosures regarding antitrust compliance and investigations, creating potential litigation costs, liability and reputational risk. Compass Investor Class Action Announcement

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage operating in the United States. The company supports real estate agents and their clients in buying, selling and renting homes, combining brokerage services with digital tools designed to manage listings, marketing, customer relationships and transactions.

Compass provides its agents with a proprietary technology platform that includes customer relationship management, listing and marketing tools, business analytics, and transaction-management capabilities.