Compass Sees Unusually High Options Volume (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the target of some unusual options trading on Monday. Stock traders purchased 17,059 put options on the company. This represents an increase of 270% compared to the average daily volume of 4,614 put options.

Compass Stock Down 2.1%

COMP stock opened at $8.63 on Wednesday. Compass has a twelve month low of $6.37 and a twelve month high of $13.95. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The stock has a market cap of $6.54 billion, a P/E ratio of 143.73 and a beta of 2.32. The business’s 50-day moving average price is $10.73 and its 200-day moving average price is $9.78.

Compass (NYSE:COMP) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.11 billion. Compass had a return on equity of 3.62% and a net margin of 0.63%. On average, equities research analysts forecast that Compass will post 0.20 EPS for the current year.

Wall Street Analyst Weigh In

COMP has been the topic of a number of research reports. Zacks Research downgraded shares of Compass from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Oppenheimer upped their target price on shares of Compass from $15.00 to $18.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Barclays increased their price target on shares of Compass from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $15.00 price target on shares of Compass in a research note on Wednesday, August 5th. Finally, Citigroup started coverage on shares of Compass in a research note on Wednesday. They set an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.43.

Insider Activity

In other news, CEO Robert Reffkin sold 23,456 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $11.70, for a total transaction of $274,435.20. Following the completion of the sale, the chief executive officer owned 7,757,748 shares of the company’s stock, valued at $90,765,651.60. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of COMP. IFP Advisors Inc bought a new position in shares of Compass in the second quarter worth about $31,000. GAMMA Investing LLC raised its stake in Compass by 57.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $48,000 after purchasing an additional 1,975 shares during the period. Nykredit A S bought a new stake in Compass during the 2nd quarter valued at approximately $77,000. Allworth Financial LP purchased a new position in Compass in the 2nd quarter worth approximately $110,000. Finally, QRG Capital Management Inc. purchased a new position in Compass in the 2nd quarter worth approximately $152,000. Hedge funds and other institutional investors own 67.05% of the company’s stock.

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage operating in the United States. The company supports real estate agents and their clients in buying, selling and renting homes, combining brokerage services with digital tools designed to manage listings, marketing, customer relationships and transactions.

Compass provides its agents with a proprietary technology platform that includes customer relationship management, listing and marketing tools, business analytics, and transaction-management capabilities.