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

by · The Markets Daily

Compass, Inc. (NYSE:COMP – Get Free Report) was the target of some unusual options trading on Wednesday. Traders acquired 42,651 call options on the company. This represents an increase of 498% compared to the typical volume of 7,138 call options.

Compass Stock Down 0.5%

Shares of Compass stock traded down $0.05 during trading hours on Wednesday, reaching $10.79. 4,424,349 shares of the stock traded hands, compared to its average volume of 8,794,738. Compass has a one year low of $5.10 and a one year high of $11.03. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of -98.06 and a beta of 2.53. The company has a 50 day moving average price of $8.70 and a 200 day moving average price of $7.95.

Compass (NYSE:COMP – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Compass had a negative return on equity of 8.83% and a negative net margin of 0.85%.The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Sell-side analysts anticipate that Compass will post 0.09 earnings per share for the current year.

Insider Buying and Selling

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

Analysts Set New Price Targets

COMP has been the subject of several research reports. Odeon Capital Group started coverage on Compass in a report on Wednesday, November 19th. They set a “buy” rating for the company. Compass Point set a $13.00 target price on Compass in a research note on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass in a research note on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of Compass from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. Finally, UBS Group boosted their price objective on Compass from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.06.

View Our Latest Analysis on COMP

About Compass

(Get Free Report)

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.

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