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

Compass, Inc. (NYSE:COMP) was the recipient of some unusual options trading activity on Monday. Traders acquired 28,478 call options on the stock. This is an increase of 255% compared to the average daily volume of 8,014 call options.

Compass Stock Performance

Shares of NYSE COMP opened at $10.72 on Tuesday. The stock’s 50 day moving average price is $9.61 and its 200-day moving average price is $8.39. Compass has a twelve month low of $5.10 and a twelve month high of $11.07.

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

Insider Activity

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value 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 $2,845,832. The trade was a 7.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott R. Wahlers sold 49,900 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 value of $548,900.00. Following the completion of the transaction, the chief financial officer owned 363,725 shares in the company, valued at approximately $4,000,975. The trade was a 12.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 134,181 shares of company stock worth $1,448,384 in the last quarter. Company insiders own 4.08% of the company’s stock.

Wall Street Analyst Weigh In

COMP has been the topic of a number of analyst reports. Odeon Capital Group initiated coverage on shares of Compass in a report on Wednesday, November 19th. They issued a “buy” rating on the stock. Wall Street Zen raised Compass from a “hold” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Company increased their price objective on Compass from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Barclays raised Compass from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $9.00 to $13.00 in a research report on Monday, December 8th. Finally, Compass Point set a $13.00 price target on Compass in a report on Monday, December 8th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.06.

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.