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

Compass, Inc. (NYSE:COMP) saw unusually large options trading activity on Wednesday. Stock investors acquired 35,316 put options on the stock. This is an increase of 136% compared to the typical volume of 14,987 put options.

Compass Trading Down 12.1%

Compass stock opened at $11.22 on Thursday. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of -101.95 and a beta of 2.54. Compass has a 12 month low of $5.66 and a 12 month high of $13.95. The stock’s 50 day moving average is $11.65 and its 200-day moving average is $9.67.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COMP shares. Zacks Research upgraded Compass from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Compass in a research report on Tuesday, November 4th. BTIG Research upped their price objective on Compass from $12.50 to $15.00 and gave the stock a “buy” rating in a research note on Thursday, January 8th. Wall Street Zen downgraded Compass from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Compass from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, January 20th. Eight research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.64.

Insider Buying and Selling

In other news, General Counsel Bradley K. Serwin sold 20,953 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $2,845,832. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Scott R. Wahlers sold 99,986 shares of the firm’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $12.03, for a total transaction of $1,202,831.58. Following the completion of the transaction, the chief financial officer directly owned 250,073 shares of the company’s stock, valued at approximately $3,008,378.19. This trade represents a 28.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 232,360 shares of company stock worth $2,634,501 over the last quarter. 4.08% of the stock is owned by corporate 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.