Stock Traders Buy High Volume of Compass Put Options (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 15,109 put options on the stock. This is an increase of approximately 1,285% compared to the typical volume of 1,091 put options.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays lifted their price target on Compass from $2.50 to $4.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. Oppenheimer reaffirmed an “outperform” rating and set a $6.00 target price (up from $5.50) on shares of Compass in a report on Wednesday, February 28th. BTIG Research lowered their price target on shares of Compass from $4.50 to $4.30 and set a “buy” rating on the stock in a report on Thursday, February 29th. UBS Group lifted their price objective on shares of Compass from $2.25 to $3.50 and gave the company a “neutral” rating in a report on Friday, March 1st. Finally, Gordon Haskett lowered shares of Compass from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $2.75 to $2.25 in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $3.78.

Compass Price Performance

Shares of Compass stock traded up $0.10 during mid-day trading on Thursday, reaching $3.44. 1,765,912 shares of the stock traded hands, compared to its average volume of 4,834,862. The business has a 50-day moving average of $3.58 and a 200 day moving average of $3.06. Compass has a fifty-two week low of $1.82 and a fifty-two week high of $4.49.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.17) EPS for the quarter, meeting the consensus estimate of ($0.17). Compass had a negative return on equity of 70.51% and a negative net margin of 6.58%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company earned ($0.36) EPS. As a group, analysts predict that Compass will post -0.32 EPS for the current fiscal year.

Compass Company Profile

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 in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.