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

Compass, Inc. (NYSE:COMP) was the target of unusually large options trading activity on Tuesday. Traders bought 10,501 call options on the company. This represents an increase of 97% compared to the average daily volume of 5,343 call options.

Compass Price Performance

Shares of NYSE COMP opened at $12.35 on Wednesday. The stock has a market cap of $9.22 billion, a price-to-earnings ratio of 617.25 and a beta of 2.43. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. Compass has a fifty-two week low of $6.09 and a fifty-two week high of $13.95. The firm’s 50-day simple moving average is $8.68 and its 200 day simple moving average is $9.59.

Compass (NYSE:COMP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.20. Compass had a return on equity of 1.11% and a net margin of 0.17%.The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.67 billion. As a group, research analysts anticipate that Compass will post 0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on COMP shares. Barclays decreased their target price on Compass from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings raised Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Morgan Stanley boosted their price objective on Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. Finally, UBS Group cut their target price on Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.62.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of Compass stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $7.69, for a total value of $180,376.64. Following the completion of the sale, the chief executive officer directly owned 7,804,660 shares of the company’s stock, valued at approximately $60,017,835.40. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.85% of the company’s stock.

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.