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

Compass, Inc. (NYSE:COMP) saw some unusual options trading on Monday. Stock traders bought 5,671 put options on the stock. This is an increase of 45% compared to the average daily volume of 3,898 put options.

Compass Stock Up 8.8%

COMP traded up $0.80 during trading on Monday, reaching $9.79. 4,473,111 shares of the stock were exchanged, compared to its average volume of 15,867,767. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day moving average price is $9.92 and its two-hundred day moving average price is $9.96. Compass has a twelve month low of $6.37 and a twelve month high of $13.95.

Compass (NYSE:COMP) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. Compass had a return on equity of 3.62% and a net margin of 0.63%. The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.11 billion. Equities analysts forecast that Compass will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on COMP shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $15.00 price objective on shares of Compass in a report on Wednesday, August 5th. Compass Point set a $11.00 target price on Compass in a research report on Wednesday, October 14th. Citigroup initiated coverage on Compass in a research report on Wednesday, October 14th. They set an “outperform” rating for the company. The Goldman Sachs Group upped their price target on Compass from $10.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Compass from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Compass has a consensus rating of “Moderate Buy” and an average price target of $13.21.

Institutional Trading of Compass

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its position in Compass by 57.7% in the third quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $48,000 after buying an additional 1,975 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Compass during the second quarter worth about $31,000. Reyes Financial Architecture Inc. bought a new stake in shares of Compass in the 3rd quarter valued at $35,000. Nisa Investment Advisors LLC grew its holdings in Compass by 22.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 27,462 shares of the company’s stock worth $244,000 after acquiring an additional 5,049 shares during the period. Finally, Nykredit A S bought a new stake in Compass in the second quarter worth approximately $77,000. 67.05% of the stock is currently owned by institutional investors.

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.