Investors Purchase Large Volume of Compass Call Options (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the recipient of some unusual options trading on Wednesday. Investors acquired 12,268 call options on the stock. This represents an increase of 148% compared to the average volume of 4,950 call options.

Compass Trading Up 8.6%

NYSE:COMP traded up $1.00 during trading hours on Wednesday, reaching $12.69. The company’s stock had a trading volume of 11,064,490 shares, compared to its average volume of 17,389,836. Compass has a 1 year low of $6.37 and a 1 year high of $13.95. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50-day simple moving average of $9.54 and a 200-day simple moving average of $9.69. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 632.75 and a beta of 2.35.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.20. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. Research analysts expect that Compass will post 0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. UBS Group decreased their target price on Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, April 28th. Morgan Stanley raised their price target on Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Benchmark initiated coverage on Compass in a report on Thursday, March 26th. They set a “buy” rating and a $14.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.12.

Insider Activity

In other news, CEO Robert L. Reffkin sold 23,456 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $12.51, for a total value of $293,434.56. Following the completion of the transaction, the chief executive officer directly owned 7,781,204 shares in the company, valued at approximately $97,342,862.04. This trade represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.