Compass Stock Quote and Financial Performance Overview

Compass stock has seen a significant increase in its market capitalization, reaching $4.5 billion in 2020.

Compass is a leading real estate technology company that connects homebuyers and sellers with top agents.

Its revenue has grown steadily over the years, reaching $3.7 billion in 2020.

Compass has expanded its services to over 200 markets across the US, providing a vast network of agents and customers.

Compass's revenue in 2023 was $4.89 billion, a significant decrease of -18.83% compared to the previous year.

The company's financial performance took a hit, with losses amounting to -$321.30 million in 2023.

Compass's losses were -46.58% less than in 2022, which is a positive sign for the company's financial health.

Here's a quick summary of Compass's revenue and losses over the past two years:

Compass's revenue decreased by -$1.13 billion in 2023 compared to the previous year.

Compass stock has had a remarkable run, with its price surging nearly 20% on Wednesday morning after the company boosted its current-quarter and full-year guidance.

The stock price has been on a tear, with a 1-year change of 109.01% and a 3-year change of -16.25%. This is a significant shift from its 5-year change, which is not available, but we can see that it's had a notable drop of -63.18% since its IPO.

The current share price is $7.42, which is 18.8% below its estimated fair value. However, the stock has shown impressive growth, with earnings forecast to grow 74.51% per year.

Compass' price volatility has been stable in the past 3 months, with an average weekly movement of 9.4%. This is slightly higher than the real estate industry average of 8.0%, but lower than the market average of 6.5%.

Here's a breakdown of Compass' price performance over the past year:

Analysts are generally bullish on Compass stock, with 7 analysts giving it an average rating of "Buy". This suggests that the majority of analysts believe the stock has potential for growth.

The 12-month stock price forecast is $6.79, which is a decrease of -8.49% from the latest price. This indicates that analysts expect the stock to decline slightly over the next year.

Here's a breakdown of the analyst ratings over time:

Note that some analysts have downgraded their ratings over time, such as Gordon Haskett, who downgraded Compass to Sell on 02/21/24.

Robert Reffkin, the CEO of Compass, has been sharing his insights on the housing market. He believes it's still a seller's market, as mortgage rates have fallen and new home sales have risen.

Compass is the largest residential real estate company in the United States by sales volume. This is according to its own announcement, where it also stated that it's seen significant market share gains.

Robert Reffkin has been discussing the latest housing data, including the strong Q2 earnings print that Compass has reported. This has led to a rally in the company's shares, with YTD gains above 20% and beating the S&P 500.

Compass has been integrating AI into its business, which is likely contributing to its success. By leveraging technology, the company is able to stay ahead of the competition and provide better services to its customers.

Robert Reffkin's confidence in the company is evident, as he claimed that Compass is a buy after its strong Q2 earnings print.

Analyst Opinions are a crucial factor in determining the performance of a stock. Analysts from top firms like Oppenheimer & Co. Inc., UBS, and Needham & Company, LLC have been following Compass stock closely.

According to the analyst opinions, the majority of analysts have a positive outlook on Compass stock. Of the 7 analysts who have provided ratings, 5 have maintained a "Buy" rating, while 2 have maintained a "Hold" rating.

The most recent analyst opinions show that Oppenheimer & Co. Inc. maintained a "Buy" rating with a price target of $6 on June 26, 2024. Meanwhile, UBS maintained a "Hold" rating with a price target of $4 on May 14, 2024.

Here's a summary of the analyst opinions:

It's worth noting that the analyst opinions have been mixed in the past, with some analysts downgrading their ratings. For example, Gordon Haskett downgraded Compass stock to "Sell" on February 21, 2024, with a price target of $2.25.