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

Compass, Inc. (NYSE:COMP) saw unusually large options trading on Wednesday. Stock investors purchased 7,489 call options on the company. This represents an increase of 62% compared to the average daily volume of 4,631 call options.

Analyst Ratings Changes

COMP has been the subject of a number of recent analyst reports. Oppenheimer lifted their price target on shares of Compass from $15.00 to $18.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Wells Fargo & Company raised their price objective on shares of Compass from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 5th. Zelman & Associates restated a “hold” rating and set a $13.50 target price on shares of Compass in a research report on Thursday, August 6th. BTIG Research restated a “buy” rating on shares of Compass in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $15.00 price objective on shares of Compass in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $14.15.

Compass Stock Up 0.7%

COMP traded up $0.07 during trading on Wednesday, hitting $10.44. The stock had a trading volume of 3,794,115 shares, compared to its average volume of 15,864,027. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $7.90 billion, a PE ratio of 174.25 and a beta of 2.32. Compass has a twelve month low of $6.37 and a twelve month high of $13.95. The stock has a 50 day simple moving average of $11.63 and a two-hundred day simple moving average of $9.69.

Compass (NYSE:COMP) last announced its 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 company had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.11 billion. On average, research analysts predict that Compass will post 0.24 earnings per share for the current year.

Insider Transactions at Compass

In other Compass news, CEO Robert Reffkin sold 23,456 shares of Compass stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $11.70, for a total transaction of $274,435.20. Following the completion of the transaction, the chief executive officer directly owned 7,757,748 shares of the company’s stock, valued at $90,765,651.60. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.85% of the stock is currently owned by corporate insiders.

Institutional Trading of Compass

Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new position in Compass during the second quarter valued at $41,838,000. Irenic Capital Management LP acquired a new position in Compass in the 2nd quarter worth about $22,156,000. Readystate Asset Management LP purchased a new position in Compass during the second quarter worth approximately $20,237,000. Steamboat Capital Partners LLC acquired a new stake in Compass in the second quarter valued at approximately $17,069,000. Finally, Squarepoint Ops LLC purchased a new stake in Compass in the 2nd quarter worth $10,232,000. 67.05% of the stock is currently owned by institutional investors and hedge funds.

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.