Compass Faces Legal Setback Against Zillow's Listing Policy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2024
0mins
Should l Buy COMP?
Source: NASDAQ.COM
Compass Inc. shares fell 5.02% as the stock crossed below its 5-day SMA amid a challenging legal environment. The company lost its bid to block a portion of Zillow's listing ban policy, which was denied by a US District Judge. This legal setback highlights the ongoing antitrust lawsuit Compass is facing against Zillow, where it alleges that Zillow is steering home listings to its platform, thereby maintaining its monopoly and impacting Compass's competitive strategy.
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Analyst Views on COMP
Wall Street analysts forecast COMP stock price to rise
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 10.100
Low
10.00
Averages
13.31
High
16.00
Current: 10.100
Low
10.00
Averages
13.31
High
16.00
About COMP
Compass, Inc. provides an end-to-end platform that empowers its residential real estate agents to deliver service to seller and buyer clients. Its platform includes an integrated suite of cloud-based software for customer relationship management, marketing, client service, brokerage services and other critical functionalities, all custom-built for the real estate industry. Its platform also uses proprietary data, analytics, artificial intelligence, and machine learning to simplify the workflows of agents and deliver recommendations and outcomes for both agents and their clients. It also provides integrated services, such as title and escrow and mortgage, both of which are available on its platform. Its Glide tools, which include completion of various real estate forms and offer preparation and eSignature and collaboration capabilities, are offered to non-Compass agents and their clients. Business Tracker provides agents with a centralized view of their entire business.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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