Compass (NYSE:COMP) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Equities researchers at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Compass (NYSE:COMP) in a research note issued on Tuesday, Briefing.com reports. The firm set a “hold” rating and a $2.70 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 23.85% from the stock’s current price.

Several other analysts have also recently issued reports on COMP. Needham & Company LLC reduced their price objective on Compass from $5.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, November 6th. The Goldman Sachs Group decreased their price objective on Compass from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, Morgan Stanley cut their target price on shares of Compass from $4.00 to $2.25 and set an “equal weight” rating on the stock in a research note on Tuesday, November 7th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $3.39.

Compass Trading Down 8.0 %

COMP opened at $2.18 on Tuesday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -2.51 and a beta of 2.71. The stock’s 50-day moving average price is $2.46 and its 200 day moving average price is $3.20. Compass has a 12-month low of $1.82 and a 12-month high of $5.16.

Compass (NYSE:COMP) last posted its quarterly earnings data on Monday, November 6th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.01). Compass had a negative net margin of 8.08% and a negative return on equity of 82.80%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the business posted ($0.27) EPS. On average, research analysts forecast that Compass will post -0.69 earnings per share for the current year.

Insider Buying and Selling

In other Compass news, COO Gregory M. Hart sold 24,604 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1.89, for a total value of $46,501.56. Following the transaction, the chief operating officer now directly owns 896,803 shares in the company, valued at $1,694,957.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Gregory M. Hart sold 49,208 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $3.60, for a total value of $177,148.80. Following the completion of the sale, the chief operating officer now directly owns 757,406 shares of the company’s stock, valued at approximately $2,726,661.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Gregory M. Hart sold 24,604 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1.89, for a total value of $46,501.56. Following the completion of the sale, the chief operating officer now directly owns 896,803 shares of the company’s stock, valued at $1,694,957.67. The disclosure for this sale can be found here. Insiders sold a total of 123,020 shares of company stock worth $381,608 over the last 90 days. 6.89% of the stock is owned by insiders.

About Compass

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality, as well as brokerage and adjacent services in the real estate industry.