Zelman & Assoc Rates Compass (COMP) Outperform
Key Points
- Zelman & Assoc upgraded Compass, Inc. to an Outperform rating on October 21, 2026.
- The real estate technology provider recently traded near $9.72, down about 30.3% from its 52-week high.
- Compass recently posted trailing twelve month revenue of over $10.5 billion ahead of its next earnings report.
Since the rating, $COMP is up 4.5% to date (from the $9.72 close on Oct 21, 2026).
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Zelman & Assoc raised its rating on Compass, Inc. (NYSE:COMP) to Outperform on October 21, 2026. The research note marks a fresh look at the real estate technology firm as Wall Street updates its outlooks ahead of upcoming financial reports.
COMP
Compass, Inc.
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Zelman & Assoc's Call on Compass
On October 21, 2026, Zelman & Assoc changed its stance on Compass by upgrading the stock to an Outperform rating. The firm previously adjusted its view on the company back on August 6, 2026, when it moved the stock to a Neutral rating.
Other Institutional Activity in Compass
SB Investment Advisers LTD reduced its holdings by 499,495 shares, ending with 21,504,702 shares worth about $217,735,107. Capital International Investors grew its holdings by 1,425,917 shares, ending with 21,368,816 shares worth about $216,359,262. Castle Hook Partners LP grew its holdings by 14,526,716 shares, ending with 17,025,377 shares worth about $172,381,942. D1 Capital Partners, LP grew its holdings by 7,612,416 shares, ending with 15,224,831 shares worth about $154,151,413.
Compass, Inc. Stock Holds Steady
Compass shares recently traded around $9.72 as of October 22, 2026. That price puts the stock 6.1% below its 50-day moving average of $10.35 and 2.8% below its 200-day moving average of $10.00. The shares sit 30.3% below their 52-week high of $13.96 and 52.6% above their 52-week low of $6.37.
Recent Earnings
Compass recently reported trailing twelve month revenue of $10.56 billion with earnings per share of $0.06. The company holds a trailing price-to-earnings ratio of 168.58 alongside a forward P/E of 12.31. Investors will get a fresh look at the numbers when the company releases its next earnings report on November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
1 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 118.4%. Revenue met estimates.
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Profit surprise
Operating income missed sharply.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 target raise.
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Earnings quality
Gross margin up 7.3 points. Operating margin down 2.0 points. Negative free cash flow.
Earnings Call Summary
Compass reported $2.7 billion in first quarter revenue, beating guidance and posting $61 million in adjusted EBITDA. The company closed the Anywhere acquisition in early January and has already actioned over $250 million in cost cuts, raising full-year targets from $400 million to $500 million over three years. Brokerage gross transaction value grew 7.3 percent year over year while the overall housing market grew just 1.5 percent, showing the combined company outperformed the market for 20 straight quarters.
Guidance Management expects second quarter revenue between $4.0 billion and $4.2 billion. For the full year, they now expect to realize $200 million in cost synergies, up from $100 million expected earlier, with $130 million hitting the profit statement and $70 million as lower capital spending.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Insider Buying and Selling at Compass, Inc.
Chief Executive Officer Robert L. Reffkin completed three stock sales over the summer months. On June 3, 2026, he disposed of 23,456 shares. He then sold another 23,456 shares on July 1, 2026, at an average price of $12.51 for a total value of $293,331. A third transaction followed on August 3, 2026, when he sold 23,456 shares at $11.70 for a total value of $274,433.
Analysts Set New Price Targets
Wells Fargo maintained an Equal-Weight rating with a $10.00 price target on October 12, 2026, lowering it from a previous target of $13.00. Citizens initiated coverage with a Market Outperform rating and an $11.00 price target on October 14, 2026. Needham maintained a Buy rating on October 16, 2026, while lowering its price target from $17.00 to $12.00. Overall, the stock carries a consensus buy recommendation from 13 analysts with a mean price target of $14.23.
About Compass
Compass, Inc. operates a digital and cloud-based software platform designed for residential real estate brokers and agents. Its technology suite handles client relationship management, marketing, escrow services, and mortgage coordination. The platform aims to streamline workflows for real estate professionals across the United States.
Bottom Line
Investors are keeping a close watch on the upcoming earnings report scheduled for November 5, 2026. Recent analyst updates and shifting institutional stakes continue to shape market sentiment around the firm.
Related Filing Alerts
Source: Zelman & Assoc's rating change on $COMP (Oct 21, 2026). Written by software, not financial advice. How we make alerts