Stock Traders Buy High Volume of Put Options on Compass (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the target of unusually large options trading activity on Monday. Traders purchased 19,765 put options on the stock. This represents an increase of approximately 1,651% compared to the average volume of 1,129 put options.

Insider Buying and Selling

In other news, CEO Robert L. Reffkin sold 814,302 shares of Compass stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $4.91, for a total value of $3,998,222.82. Following the transaction, the chief executive officer now owns 944,302 shares in the company, valued at approximately $4,636,522.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Robert L. Reffkin sold 164,514 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $4.90, for a total transaction of $806,118.60. Following the completion of the transaction, the chief executive officer now directly owns 835,486 shares in the company, valued at approximately $4,093,881.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert L. Reffkin sold 814,302 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $4.91, for a total transaction of $3,998,222.82. Following the completion of the transaction, the chief executive officer now directly owns 944,302 shares of the company’s stock, valued at approximately $4,636,522.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,767,261 shares of company stock worth $9,422,967. Corporate insiders own 6.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COMP. Oppenheimer reissued an “outperform” rating and set a $6.00 price objective on shares of Compass in a report on Wednesday, June 26th. The Goldman Sachs Group upped their target price on Compass from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Gordon Haskett upgraded Compass from an “underperform” rating to a “hold” rating and raised their price objective for the company from $3.00 to $3.75 in a research note on Tuesday, June 25th. Needham & Company LLC increased their price objective on shares of Compass from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays increased their target price on shares of Compass from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.28.

Compass Stock Performance

NYSE COMP traded up $0.03 during trading hours on Monday, hitting $6.41. The company had a trading volume of 4,848,355 shares, compared to its average volume of 4,618,137. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of -10.34 and a beta of 2.91. Compass has a 52 week low of $1.82 and a 52 week high of $6.62. The firm has a 50 day simple moving average of $4.73 and a 200 day simple moving average of $4.01.

Compass (NYSE:COMP) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.65 billion. Compass had a negative net margin of 4.53% and a negative return on equity of 57.23%. During the same period last year, the business earned ($0.10) earnings per share. On average, research analysts forecast that Compass will post -0.39 earnings per share for the current year.

About Compass

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.