Compass Target of Unusually High Options Trading (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the target of some unusual options trading activity on Wednesday. Investors purchased 42,651 call options on the stock. This represents an increase of 498% compared to the typical volume of 7,138 call options.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COMP shares. Needham & Company LLC reiterated a “buy” rating and set a $11.00 price objective on shares of Compass in a research report on Tuesday, November 4th. Odeon Capital Group began coverage on Compass in a research note on Wednesday, November 19th. They issued a “buy” rating for the company. Compass Point set a $13.00 price target on shares of Compass in a research report on Monday. Wall Street Zen downgraded shares of Compass from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Barclays upgraded shares of Compass from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $9.00 to $13.00 in a report on Monday. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.06.

Compass Stock Down 2.6%

Shares of Compass stock opened at $10.56 on Thursday. The company has a market cap of $5.92 billion, a PE ratio of -95.96 and a beta of 2.53. The business has a 50 day moving average of $8.75 and a 200 day moving average of $7.97. Compass has a 52 week low of $5.10 and a 52 week high of $11.03.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.79 billion. On average, research analysts anticipate that Compass will post 0.09 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Scott R. Wahlers sold 49,900 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value of $548,900.00. Following the transaction, the chief financial officer owned 363,725 shares of the company’s stock, valued at $4,000,975. This represents a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $230,483.00. Following the sale, the general counsel owned 258,712 shares in the company, valued at $2,845,832. The trade was a 7.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 107,581 shares of company stock valued at $1,155,784. Corporate insiders own 4.08% of the company’s stock.

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.