Compass Sees Unusually High Options Volume (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the target of some unusual options trading activity on Tuesday. Stock investors acquired 10,501 call options on the stock. This is an increase of approximately 97% compared to the average volume of 5,343 call options.

Compass Price Performance

COMP traded up $0.26 during trading on Tuesday, reaching $12.26. 8,643,863 shares of the stock were exchanged, compared to its average volume of 17,636,506. The business’s 50 day moving average price is $8.59 and its two-hundred day moving average price is $9.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 612.85 and a beta of 2.43. Compass has a 1 year low of $6.09 and a 1 year high of $13.95.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.20. The business 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%. As a group, equities research analysts anticipate that Compass will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on COMP shares. Benchmark initiated coverage on Compass in a report on Thursday, March 26th. They set a “buy” rating and a $14.00 price objective on the stock. UBS Group decreased their target price on shares of Compass from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Wells Fargo & Company lowered their price target on shares of Compass from $12.00 to $9.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Barclays cut their price target on shares of Compass from $15.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of Compass in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.62.

Insider Activity

In related news, CEO Robert L. Reffkin sold 23,456 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 7,804,660 shares of the company’s stock, valued at $60,017,835.40. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by company insiders.

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.