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

Compass, Inc. (NYSE:COMP) was the target of some unusual options trading activity on Wednesday. Investors bought 11,745 put options on the company. This represents an increase of approximately 146% compared to the average volume of 4,767 put options.

Analysts Set New Price Targets

COMP has been the topic of a number of recent research reports. Zacks Research upgraded Compass from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Barclays boosted their price target on Compass from $12.00 to $15.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. BTIG Research reaffirmed a “buy” rating on shares of Compass in a report on Wednesday, July 15th. Wells Fargo & Company increased their price objective on Compass from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Finally, UBS Group dropped their target price on Compass from $17.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.32.

Compass Trading Down 1.0%

Shares of NYSE:COMP opened at $11.49 on Friday. The company has a market capitalization of $8.59 billion, a P/E ratio of 574.75 and a beta of 2.35. Compass has a 1 year low of $6.37 and a 1 year high of $13.95. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The business’s 50 day simple moving average is $10.34 and its 200 day simple moving average is $9.74.

Compass (NYSE:COMP) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.20. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. On average, research analysts anticipate that Compass will post 0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total transaction of $293,434.56. Following the completion of the sale, the chief executive officer directly owned 7,781,204 shares in the company, valued at $97,342,862.04. This trade represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by corporate insiders.

Compass Company Profile

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.