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

Compass, Inc. (NYSE:COMP) was the recipient of some unusual options trading on Monday. Stock investors acquired 5,671 put options on the company. This represents an increase of approximately 45% compared to the typical daily volume of 3,898 put options.

Institutional Investors Weigh In On Compass

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fund 1 Investments LLC purchased a new position in Compass in the 2nd quarter worth approximately $2,837,000. Readystate Asset Management LP purchased a new stake in shares of Compass during the second quarter valued at approximately $20,237,000. Irenic Capital Management LP purchased a new stake in shares of Compass during the second quarter valued at approximately $22,156,000. Steamboat Capital Partners LLC acquired a new position in shares of Compass during the second quarter worth $17,069,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Compass during the second quarter worth $10,232,000. Hedge funds and other institutional investors own 67.05% of the company’s stock.

Compass Stock Up 0.6%

Shares of NYSE:COMP traded up $0.06 during midday trading on Tuesday, hitting $9.47. 532,959 shares of the company’s stock traded hands, compared to its average volume of 15,843,855. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $7.18 billion, a PE ratio of 157.92 and a beta of 2.32. The firm’s fifty day moving average price is $9.87 and its two-hundred day moving average price is $9.95. Compass has a twelve month low of $6.37 and a twelve month high of $13.95.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Compass had a net margin of 0.63% and a return on equity of 3.62%. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.11 billion. On average, equities research analysts anticipate that Compass will post 0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup began coverage on Compass in a research report on Wednesday, October 14th. They set an “outperform” rating for the company. Needham & Company LLC cut their price objective on Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, October 16th. Citizens Jmp assumed coverage on Compass in a research note on Wednesday, October 14th. They issued a “market outperform” rating and a $11.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $15.00 target price on shares of Compass in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. decreased their target price on Compass from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.21.

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.