Traders Buy High Volume of Compass Put Options (NYSE:COMP)

Compass, Inc. (NYSE:COMP) saw some unusual options trading activity on Monday. Investors bought 19,765 put options on the company. This is an increase of approximately 1,651% compared to the average daily volume of 1,129 put options.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on COMP. Gordon Haskett raised Compass from an “underperform” rating to a “hold” rating and increased their price target for the stock from $3.00 to $3.75 in a research report on Tuesday, June 25th. Needham & Company LLC raised their price target on Compass from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays upped their price objective on shares of Compass from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 1st. Oppenheimer reissued an “outperform” rating and issued a $6.00 target price on shares of Compass in a report on Wednesday, June 26th. Finally, The Goldman Sachs Group upped their price target on shares of Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Compass presently has an average rating of “Hold” and an average target price of $4.28.

Compass Stock Performance

Shares of Compass stock opened at $6.42 on Tuesday. Compass has a 52 week low of $1.82 and a 52 week high of $6.62. The stock has a 50 day moving average price of $4.79 and a two-hundred day moving average price of $4.03. The stock has a market capitalization of $3.17 billion, a PE ratio of -10.35 and a beta of 2.91.

Compass (NYSE:COMP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. The firm had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the company earned ($0.10) earnings per share. Research analysts forecast that Compass will post -0.39 EPS for the current year.

Insider Activity

In related news, CEO Robert L. Reffkin sold 164,514 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $4.90, for a total transaction of $806,118.60. Following the transaction, the chief executive officer now directly owns 835,486 shares of the company’s stock, valued at approximately $4,093,881.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Compass news, CEO Robert L. Reffkin sold 164,514 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $4.90, for a total value of $806,118.60. Following the transaction, the chief executive officer now directly owns 835,486 shares of the company’s stock, valued at approximately $4,093,881.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert L. Reffkin sold 705,083 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $5.92, for a total transaction of $4,174,091.36. Following the sale, the chief executive officer now owns 239,219 shares of the company’s stock, valued at $1,416,176.48. The disclosure for this sale can be found here. Insiders sold a total of 1,767,261 shares of company stock valued at $9,422,967 in the last quarter. Company insiders own 6.25% of the company’s stock.

Compass Company Profile

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.