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

Compass, Inc. (NYSE:COMP) was the recipient of unusually large options trading on Friday. Investors acquired 26,599 call options on the stock. This is an increase of 412% compared to the typical volume of 5,200 call options.

Wall Street Analyst Weigh In

A number of research firms recently commented on COMP. UBS Group dropped their price objective on Compass from $17.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. BTIG Research set a $12.00 target price on Compass in a research report on Wednesday, April 15th. Benchmark began coverage on shares of Compass in a report on Thursday, March 26th. They set a “buy” rating and a $14.00 price objective for the company. Morgan Stanley boosted their price target on shares of Compass from $11.00 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.63.

Compass Stock Up 1.7%

NYSE COMP traded up $0.15 on Friday, reaching $8.60. The company had a trading volume of 9,342,746 shares, compared to its average volume of 11,740,196. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 429.80 and a beta of 2.43. The company’s fifty day moving average is $7.90 and its 200-day moving average is $9.60. Compass has a 1-year low of $5.87 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.

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

Insiders Place Their Bets

In other news, CEO Robert L. Reffkin sold 23,456 shares of Compass stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $7.69, for a total transaction of $180,376.64. Following the completion of the sale, the chief executive officer owned 7,804,660 shares in the company, valued at $60,017,835.40. The trade was a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.85% of the company’s stock.

About Compass

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.