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

Compass, Inc. (NYSE:COMP) was the target of unusually large options trading on Friday. Traders acquired 26,599 call options on the stock. This is an increase of approximately 412% compared to the typical daily volume of 5,200 call options.

Compass Stock Up 1.7%

COMP stock opened at $8.60 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 429.80 and a beta of 2.43. Compass has a fifty-two week low of $5.87 and a fifty-two week high of $13.95. The stock has a fifty day moving average of $7.90 and a 200-day moving average of $9.60.

Compass (NYSE:COMP) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.20. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.67 billion. Compass had a return on equity of 1.11% and a net margin of 0.17%. As a group, equities research analysts predict that Compass will post 0.1 earnings per share for the current year.

Insiders Place Their Bets

In other Compass news, CEO Robert L. Reffkin sold 23,456 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $7.69, for a total value of $180,376.64. Following the transaction, the chief executive officer owned 7,804,660 shares of the company’s stock, valued at approximately $60,017,835.40. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 2.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Benchmark assumed coverage on Compass in a research report on Thursday, March 26th. They issued a “buy” rating and a $14.00 price objective on the stock. Barclays cut their price objective on Compass from $15.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings raised Compass from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. The Goldman Sachs Group reissued a “neutral” rating on shares of Compass in a research report on Wednesday, May 6th. Finally, Morgan Stanley boosted their price objective on Compass from $11.00 to $12.50 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Compass has a consensus rating of “Moderate Buy” and a consensus target price of $12.63.

About Compass

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.