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

Compass, Inc. (NYSE:COMP) was the target of unusually large options trading on Wednesday. Traders acquired 11,745 put options on the stock. This is an increase of approximately 146% compared to the typical daily volume of 4,767 put options.

Compass Stock Performance

Shares of NYSE COMP traded down $0.40 during midday trading on Wednesday, hitting $11.48. The company’s stock had a trading volume of 5,096,637 shares, compared to its average volume of 16,977,158. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 574.25 and a beta of 2.35. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.11. The stock has a fifty day moving average price of $10.21 and a 200 day moving average price of $9.75. Compass has a one year low of $6.37 and a one year high of $13.95.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.20. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Compass had a net margin of 0.17% and a return on equity of 1.11%. On average, research analysts forecast that Compass will post 0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COMP. Morgan Stanley increased their target price on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. BTIG Research reiterated a “buy” rating on shares of Compass in a research note on Wednesday, July 15th. Wells Fargo & Company increased their price objective on Compass from $9.00 to $12.00 and gave the company an “equal weight” rating in a report on Tuesday, July 7th. Barclays raised their target price on Compass from $12.00 to $15.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.12.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $12.51, for a total value of $293,434.56. Following the completion of the transaction, the chief executive officer owned 7,781,204 shares in the company, valued at $97,342,862.04. This represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is owned by company 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.