Investors Buy High Volume of Put Options on Compass (NYSE:COMP)

Compass, Inc. (NYSE:COMP) saw unusually large options trading on Wednesday. Stock traders acquired 35,316 put options on the stock. This is an increase of approximately 136% compared to the average daily volume of 14,987 put options.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded Compass from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, January 20th. Zacks Research upgraded shares of Compass from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. UBS Group reaffirmed a “buy” rating and set a $17.00 price target on shares of Compass in a report on Monday. Odeon Capital Group started coverage on Compass in a report on Wednesday, November 19th. They set a “buy” rating on the stock. Finally, Barclays upped their price target on shares of Compass from $13.00 to $15.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Compass has a consensus rating of “Moderate Buy” and an average target price of $13.64.

Compass Price Performance

Compass stock traded down $1.34 during mid-day trading on Wednesday, hitting $11.43. 22,979,301 shares of the company’s stock traded hands, compared to its average volume of 24,846,867. The firm has a 50 day simple moving average of $11.63 and a two-hundred day simple moving average of $9.66. Compass has a fifty-two week low of $5.66 and a fifty-two week high of $13.95. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of -104.10 and a beta of 2.54.

Insider Activity at Compass

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $230,483.00. Following the completion of the sale, the general counsel directly owned 258,712 shares in the company, valued at approximately $2,845,832. This represents a 7.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott R. Wahlers sold 99,986 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total value of $1,202,831.58. Following the completion of the transaction, the chief financial officer owned 250,073 shares in the company, valued at approximately $3,008,378.19. This trade represents a 28.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 232,360 shares of company stock worth $2,634,501 over the last three months. Corporate insiders own 4.08% of the company’s stock.

About Compass

Compass, Inc is a technology-driven real estate brokerage firm that provides a full suite of services for home buyers, sellers and renters. Utilizing a proprietary software platform, the company equips its network of licensed real estate agents with data analytics, marketing automation and client relationship tools designed to enhance efficiency and transaction transparency.

Founded in 2012 by Ori Allon and Robert Reffkin, Compass has grown from a single office in New York City to serve more than 300 markets across the United States.