Berenberg Bank Begins Coverage on Compass (NYSE:COMP)

Berenberg Bank began coverage on shares of Compass (NYSE:COMP) in a research note released on Tuesday, PriceTargets.com reports. The firm issued a buy rating and a $11.00 target price on the stock.

COMP has been the subject of several other reports. Roth Capital started coverage on Compass in a research report on Friday, November 19th. They set a buy rating and a $15.00 price objective for the company. Needham & Company LLC lowered their price objective on shares of Compass from $23.00 to $18.00 and set a buy rating for the company in a research report on Thursday, November 11th. Barclays decreased their target price on shares of Compass from $20.00 to $18.00 and set an equal weight rating for the company in a research report on Thursday, November 11th. Zacks Investment Research cut shares of Compass from a buy rating to a hold rating in a report on Monday, October 11th. Finally, Morgan Stanley decreased their price objective on shares of Compass from $26.00 to $24.00 and set an overweight rating for the company in a report on Monday, October 11th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Buy and an average target price of $19.82.

NYSE:COMP opened at $8.31 on Tuesday. The business’s fifty day moving average price is $9.80 and its 200 day moving average price is $12.39. Compass has a 12 month low of $8.09 and a 12 month high of $22.11.

Compass (NYSE:COMP) last issued its quarterly earnings data on Wednesday, November 10th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.05). The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Compass had a negative return on equity of 202.41% and a negative net margin of 5.95%. Analysts predict that Compass will post -1.33 EPS for the current fiscal year.

In related news, insider Robert S. Lehman sold 127,000 shares of the stock in a transaction on Monday, November 29th. The stock was sold at an average price of $9.27, for a total value of $1,177,290.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert S. Lehman sold 8,110 shares of the stock in a transaction on Wednesday, December 8th. The stock was sold at an average price of $11.00, for a total value of $89,210.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,510 shares of company stock worth $1,270,900. Corporate insiders own 17.70% of the company’s stock.

Compass Company Profile

Urban Compass, Inc, doing business as Compass, operates as a real estate brokerage company. It also offers an online platform and application to buy, rent, and sell real estate properties. The company was founded in 2012 and is based in New York, New York.

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Analyst Recommendations for Compass (NYSE:COMP)

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