Compass Sees Unusually High Options Volume (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the target of unusually large options trading activity on Tuesday. Traders purchased 10,501 call options on the company. This is an increase of approximately 97% compared to the typical volume of 5,343 call options.

Insider Activity

In other news, CEO Robert L. Reffkin sold 23,456 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $7.69, for a total transaction of $180,376.64. Following the sale, the chief executive officer directly owned 7,804,660 shares of the company’s stock, valued at $60,017,835.40. The trade was a 0.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.85% of the company’s stock.

Wall Street Analyst Weigh In

COMP has been the subject of a number of research reports. Weiss Ratings raised Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. The Goldman Sachs Group reissued a “neutral” rating on shares of Compass in a report on Wednesday, May 6th. Wells Fargo & Company reduced their price objective on Compass from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Benchmark started coverage on Compass in a research report on Thursday, March 26th. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Barclays dropped their target price on Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.62.

Compass Price Performance

Shares of COMP opened at $12.54 on Thursday. The business’s 50-day moving average is $8.77 and its two-hundred day moving average is $9.60. The company has a market capitalization of $9.37 billion, a P/E ratio of 627.20 and a beta of 2.34. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Compass has a fifty-two week low of $6.12 and a fifty-two week high of $13.95.

Compass (NYSE:COMP) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.20. Compass had a return on equity of 1.11% and a net margin of 0.17%.The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. Research analysts predict that Compass will post 0.1 earnings per share for the current year.

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.