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

Compass, Inc. (NYSE:COMP) was the recipient of some unusual options trading activity on Thursday. Traders purchased 15,109 put options on the stock. This represents an increase of 1,285% compared to the average daily volume of 1,091 put options.

Wall Street Analyst Weigh In

Several equities analysts have commented on COMP shares. Oppenheimer reiterated an “outperform” rating and issued a $6.00 price target (up from $5.50) on shares of Compass in a research note on Wednesday, February 28th. The Goldman Sachs Group raised their target price on shares of Compass from $3.50 to $4.00 and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Gordon Haskett lowered shares of Compass from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $2.75 to $2.25 in a research report on Wednesday, February 21st. UBS Group lifted their price objective on shares of Compass from $2.25 to $3.50 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Barclays lifted their price objective on shares of Compass from $2.50 to $4.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Compass has a consensus rating of “Hold” and a consensus price target of $3.78.

Compass Stock Down 2.4 %

Shares of NYSE COMP opened at $3.26 on Friday. The business has a fifty day simple moving average of $3.57 and a 200-day simple moving average of $3.07. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -4.79 and a beta of 2.89. Compass has a 12 month low of $1.82 and a 12 month high of $4.49.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). Compass had a negative return on equity of 70.51% and a negative net margin of 6.58%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted ($0.36) EPS. As a group, sell-side analysts expect that Compass will post -0.32 EPS for the current fiscal year.

About Compass

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.