Compass (NYSE:COMP) Stock Sees Heavy Put Option Buying

Compass, Inc. (NYSE:COMP) was the recipient of some unusual options trading on Monday. Traders acquired 17,059 put options on the company. This represents an increase of 270% compared to the average daily volume of 4,614 put options.

Compass Stock Performance

COMP traded down $0.54 on Monday, reaching $8.86. The company had a trading volume of 6,082,762 shares, compared to its average volume of 16,029,429. Compass has a fifty-two week low of $6.37 and a fifty-two week high of $13.95. The stock has a market cap of $6.71 billion, a P/E ratio of 147.58 and a beta of 2.32. The company’s fifty day moving average is $10.85 and its 200 day moving average is $9.77. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.11 billion. Compass had a net margin of 0.63% and a return on equity of 3.62%. As a group, analysts predict that Compass will post 0.20 earnings per share for the current fiscal year.

Insider Buying and Selling at Compass

In other Compass news, CEO Robert Reffkin sold 23,456 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $11.70, for a total transaction of $274,435.20. Following the transaction, the chief executive officer owned 7,757,748 shares of the company’s stock, valued at $90,765,651.60. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Compass

Large investors have recently made changes to their positions in the company. Fund 1 Investments LLC acquired a new stake in Compass during the 2nd quarter worth approximately $2,837,000. Irenic Capital Management LP bought a new stake in Compass in the 2nd quarter valued at $22,156,000. Steamboat Capital Partners LLC acquired a new position in Compass in the 2nd quarter valued at $17,069,000. Squarepoint Ops LLC acquired a new position in Compass in the 2nd quarter valued at $10,232,000. Finally, Readystate Asset Management LP acquired a new position in Compass in the 2nd quarter valued at $20,237,000. Institutional investors own 67.05% of the company’s stock.

Wall Street Analyst Weigh In

COMP has been the subject of several recent analyst reports. UBS Group increased their price objective on Compass from $12.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 31st. Zelman & Associates reaffirmed a “hold” rating and set a $13.50 price target on shares of Compass in a research report on Thursday, August 6th. Wells Fargo & Company cut their price target on shares of Compass from $13.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday. Oppenheimer increased their price target on shares of Compass from $15.00 to $18.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $15.00 price objective on shares of Compass in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.92.

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage operating in the United States. The company supports real estate agents and their clients in buying, selling and renting homes, combining brokerage services with digital tools designed to manage listings, marketing, customer relationships and transactions.

Compass provides its agents with a proprietary technology platform that includes customer relationship management, listing and marketing tools, business analytics, and transaction-management capabilities.