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

Compass, Inc. (NYSE:COMP) saw some unusual options trading activity on Wednesday. Stock investors purchased 42,651 call options on the stock. This is an increase of approximately 498% compared to the typical daily volume of 7,138 call options.

Insider Activity at Compass

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total transaction of $230,483.00. Following the completion of the sale, the general counsel directly owned 258,712 shares of the company’s stock, valued at approximately $2,845,832. This represents a 7.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Scott R. Wahlers sold 49,900 shares of the business’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 $548,900.00. Following the completion of the sale, the chief financial officer owned 363,725 shares in the company, valued at approximately $4,000,975. This trade represents a 12.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 107,581 shares of company stock valued at $1,155,784. 4.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays upgraded Compass from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $9.00 to $13.00 in a research note on Monday. Odeon Capital Group assumed coverage on shares of Compass in a research report on Wednesday, November 19th. They set a “buy” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price target on shares of Compass in a research note on Tuesday, November 4th. Zacks Research raised shares of Compass from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. Finally, BTIG Research boosted their price objective on shares of Compass from $11.00 to $12.50 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.06.

Compass Trading Down 2.6%

Shares of NYSE COMP opened at $10.56 on Thursday. The company has a market cap of $5.92 billion, a price-to-earnings ratio of -95.96 and a beta of 2.53. Compass has a 12 month low of $5.10 and a 12 month high of $11.03. The stock has a 50-day moving average price of $8.75 and a two-hundred day moving average price of $7.97.

Compass (NYSE:COMP) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.79 billion. On average, sell-side analysts predict that Compass will post 0.09 earnings per share for the current 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.