Investors Buy Large Volume of Compass Call Options (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the target of some unusual options trading on Wednesday. Stock traders purchased 85,540 call options on the company. This represents an increase of approximately 484% compared to the typical volume of 14,641 call options.

Insider Buying and Selling

In related news, CFO Scott R. Wahlers sold 99,986 shares of Compass stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $12.03, for a total transaction of $1,202,831.58. Following the transaction, the chief financial officer owned 250,073 shares of the company’s stock, valued at $3,008,378.19. The trade was a 28.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $11.00, for a total value 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 234,167 shares of company stock valued at $2,651,216 over the last three months. Corporate insiders own 4.08% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on COMP. Compass Point set a $13.00 target price on shares of Compass in a research note on Monday, December 8th. Wells Fargo & Company upped their price objective on shares of Compass from $8.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Odeon Capital Group initiated coverage on shares of Compass in a research report on Wednesday, November 19th. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Compass in a research note on Wednesday, October 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price target on shares of Compass in a research report on Tuesday, November 4th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Compass has an average rating of “Moderate Buy” and an average price target of $11.67.

Compass Stock Up 1.0%

Shares of COMP stock opened at $12.29 on Thursday. The firm has a market cap of $6.89 billion, a P/E ratio of -111.70 and a beta of 2.53. The company has a 50 day moving average of $10.47 and a 200-day moving average of $8.82. Compass has a 12-month low of $5.66 and a 12-month high of $13.53.

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

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.