Berenberg Bank Begins Coverage on Compass (NYSE:COMP)

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

Several other equities analysts have also recently issued reports on COMP. Barclays reduced their target price on Compass from $20.00 to $18.00 and set an equal weight rating on the stock in a research note on Thursday, November 11th. Needham & Company LLC reduced their target price on Compass from $23.00 to $18.00 and set a buy rating on the stock in a research note on Thursday, November 11th. Morgan Stanley reduced their target price on Compass from $26.00 to $24.00 and set an overweight rating on the stock in a research note on Monday, October 11th. Roth Capital started coverage on Compass in a research note on Friday, November 19th. They set a buy rating and a $15.00 target price on the stock. Finally, Zacks Investment Research cut Compass from a buy rating to a hold rating in a research note on Monday, October 11th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus target price of $19.82.

Shares of COMP stock opened at $8.31 on Tuesday. Compass has a fifty-two week low of $8.09 and a fifty-two week high of $22.11. The stock has a 50 day moving average price of $9.80 and a two-hundred day moving average price of $12.39.

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

In other news, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,510 shares of company stock worth $1,270,900. 17.70% of the stock is owned by insiders.

About Compass

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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