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

Compass, Inc. (NYSE:COMP) saw some unusual options trading activity on Wednesday. Stock investors purchased 12,268 call options on the company. This is an increase of 148% compared to the average volume of 4,950 call options.

Compass Stock Performance

NYSE:COMP opened at $12.18 on Friday. The stock has a market cap of $9.10 billion, a P/E ratio of 608.80 and a beta of 2.35. The stock has a 50 day simple moving average of $9.68 and a 200 day simple moving average of $9.71. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. Compass has a 1-year low of $6.37 and a 1-year high of $13.95.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.03 EPS for the quarter, beating 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%. Research analysts anticipate that Compass will post 0.1 earnings per share for the current year.

Insider Transactions at Compass

In related news, CEO Robert L. Reffkin sold 23,456 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total value 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 approximately $97,342,862.04. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on COMP shares. Benchmark began coverage on Compass in a research note on Thursday, March 26th. They issued a “buy” rating and a $14.00 price objective on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of Compass in a report on Wednesday, May 6th. Morgan Stanley increased their price target on Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. BTIG Research reaffirmed a “buy” rating on shares of Compass in a report on Wednesday. Finally, Wells Fargo & Company lifted their price objective on shares of Compass from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.12.

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.