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

Compass, Inc. (NYSE:COMP) was the target of some unusual options trading on Wednesday. Stock traders bought 35,316 put options on the company. This represents an increase of approximately 136% compared to the average daily volume of 14,987 put options.

Compass Stock Performance

NYSE:COMP opened at $10.28 on Friday. The company has a market cap of $5.79 billion, a PE ratio of -93.45 and a beta of 2.54. Compass has a 52-week low of $5.66 and a 52-week high of $13.95. The stock has a 50-day simple moving average of $11.64 and a 200 day simple moving average of $9.67.

Insider Activity

In other Compass news, CFO Scott R. Wahlers sold 99,986 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $3,008,378.19. This trade represents a 28.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Bradley K. Serwin sold 20,953 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $11.00, for a total value of $230,483.00. Following the completion of the sale, the general counsel directly owned 258,712 shares of the company’s stock, valued at approximately $2,845,832. This trade represents a 7.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 232,360 shares of company stock worth $2,634,501 in the last three months. Insiders own 4.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on COMP shares. UBS Group reiterated a “buy” rating and issued a $17.00 target price on shares of Compass in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Compass in a research note on Wednesday, January 21st. The Goldman Sachs Group began coverage on Compass in a report on Tuesday, January 27th. They set a “neutral” rating and a $14.00 target price on the stock. BTIG Research increased their price target on Compass from $12.50 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Finally, Barclays lifted their price objective on Compass from $13.00 to $15.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.64.

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.