Stock Traders Purchase High Volume of Call Options on Compass (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the target of unusually large options trading activity on Wednesday. Stock investors acquired 42,651 call options on the company. This is an increase of 498% compared to the typical volume of 7,138 call options.

Analysts Set New Price Targets

Several analysts have recently issued reports on COMP shares. Wells Fargo & Company boosted their price objective on shares of Compass from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Wall Street Zen downgraded Compass from a “buy” rating to a “hold” rating in a report on Saturday. Compass Point set a $13.00 target price on Compass in a report on Monday. Barclays upgraded shares of Compass from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $9.00 to $13.00 in a report on Monday. Finally, UBS Group boosted their price objective on shares of Compass from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.06.

Insider Buying and Selling

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of the stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total transaction of $230,483.00. Following the sale, the general counsel owned 258,712 shares of the company’s stock, valued at $2,845,832. This trade represents a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Scott R. Wahlers sold 49,900 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total transaction of $548,900.00. Following the completion of the transaction, the chief financial officer directly owned 363,725 shares of the company’s stock, valued at $4,000,975. The trade was a 12.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 107,581 shares of company stock worth $1,155,784. 4.08% of the stock is owned by corporate insiders.

Compass Price Performance

NYSE:COMP traded down $0.05 during mid-day trading on Wednesday, reaching $10.79. The stock had a trading volume of 4,424,349 shares, compared to its average volume of 8,794,738. The stock has a market cap of $6.05 billion, a P/E ratio of -98.06 and a beta of 2.53. The business’s 50 day moving average is $8.70 and its 200 day moving average is $7.95. Compass has a fifty-two week low of $5.10 and a fifty-two week high of $11.03.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Compass had a negative net margin of 0.85% and a negative return on equity of 8.83%. The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.79 billion. Equities analysts expect that Compass will post 0.09 EPS for the current year.

Compass Company Profile

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.