Compass Target of Unusually Large Options Trading (NYSE:COMP)

Compass, Inc. (NYSE:COMP) saw unusually large options trading activity on Wednesday. Investors purchased 7,489 call options on the stock. This is an increase of approximately 62% compared to the typical daily volume of 4,631 call options.

Insider Buying and Selling

In other Compass news, CEO Robert Reffkin sold 23,456 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $11.70, for a total value of $274,435.20. Following the completion of the sale, the chief executive officer owned 7,757,748 shares in the company, valued at approximately $90,765,651.60. This represents a 0.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 2.85% of the company’s stock.

Institutional Trading of Compass

A number of large investors have recently made changes to their positions in COMP. Wellington Management Group LLP purchased a new position in Compass in the second quarter worth approximately $41,838,000. Irenic Capital Management LP purchased a new stake in shares of Compass in the 2nd quarter valued at approximately $22,156,000. Readystate Asset Management LP purchased a new stake in shares of Compass in the 2nd quarter valued at approximately $20,237,000. Steamboat Capital Partners LLC acquired a new stake in shares of Compass in the 2nd quarter valued at $17,069,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Compass in the 2nd quarter valued at $10,232,000. 67.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COMP has been the subject of a number of recent research reports. UBS Group raised their target price on Compass from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. The Goldman Sachs Group boosted their target price on Compass from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 5th. BTIG Research restated a “buy” rating on shares of Compass in a research report on Wednesday, July 15th. Wells Fargo & Company lifted their price objective on Compass from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded Compass from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Compass currently has an average rating of “Moderate Buy” and a consensus target price of $14.15.

Compass Stock Up 0.7%

Shares of NYSE COMP traded up $0.07 during mid-day trading on Wednesday, hitting $10.44. The company had a trading volume of 3,794,115 shares, compared to its average volume of 15,864,027. The company has a market capitalization of $7.90 billion, a PE ratio of 174.25 and a beta of 2.32. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. Compass has a 1-year low of $6.37 and a 1-year high of $13.95. The business’s 50-day simple moving average is $11.63 and its 200 day simple moving average is $9.69.

Compass (NYSE:COMP) last released its earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, topping 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 firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.11 billion. On average, analysts predict that Compass will post 0.24 earnings per share for the current year.

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides brokerage services through a network of real estate agents who help clients buy, sell, and market residential properties.

Compass supports its agents with a suite of digital tools, including customer relationship management, property search, marketing, lead generation, transaction management, and workflow software. Its platform is designed to streamline the real estate process while helping agents manage client relationships and promote property listings.

Founded in 2012 as Urban Compass, the company later adopted the Compass name and expanded its operations across major U.S.