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

Compass, Inc. (NYSE:COMP) was the target of some unusual options trading activity on Monday. Stock traders acquired 19,765 put options on the stock. This represents an increase of approximately 1,651% compared to the typical volume of 1,129 put options.

Insider Buying and Selling

In other Compass news, CEO Robert L. Reffkin sold 705,083 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $5.92, for a total transaction of $4,174,091.36. Following the sale, the chief executive officer now directly owns 239,219 shares of the company’s stock, valued at $1,416,176.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Compass news, CEO Robert L. Reffkin sold 705,083 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $5.92, for a total value of $4,174,091.36. Following the transaction, the chief executive officer now owns 239,219 shares of the company’s stock, valued at $1,416,176.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert L. Reffkin sold 164,514 shares of the 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 sale, the chief executive officer now directly owns 835,486 shares in the company, valued at $4,093,881.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,767,261 shares of company stock valued at $9,422,967 over the last three months. 6.25% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Compass Stock Performance

NYSE:COMP traded up $0.03 during mid-day trading on Monday, hitting $6.41. 4,848,355 shares of the stock were exchanged, compared to its average volume of 4,618,137. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -10.34 and a beta of 2.91. The firm’s 50-day simple moving average is $4.73 and its 200 day simple moving average is $4.01. Compass has a fifty-two week low of $1.82 and a fifty-two week high of $6.62.

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

Compass Company Profile

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.