Investors Buy High Volume of Put Options on Compass (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the target of unusually large options trading activity on Monday. Stock traders acquired 5,671 put options on the company. This is an increase of approximately 45% compared to the typical daily volume of 3,898 put options.

Compass Stock Performance

NYSE COMP traded up $0.80 during trading on Monday, hitting $9.79. 4,473,111 shares of the company traded hands, compared to its average volume of 15,867,767. The business has a fifty day simple moving average of $9.92 and a 200 day simple moving average of $9.96. Compass has a 12 month low of $6.37 and a 12 month high of $13.95. 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 (NYSE:COMP) last released its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Compass had a net margin of 0.63% and a return on equity of 3.62%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.11 billion. As a group, analysts expect that Compass will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

COMP has been the subject of several research reports. Barclays raised their target price on Compass from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. cut their price target on shares of Compass from $15.00 to $13.00 and set an “overweight” rating for the company in a report on Friday. Wells Fargo & Company reduced their target price on shares of Compass from $13.00 to $10.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $15.00 price target on shares of Compass in a research report on Wednesday, August 5th. Finally, Compass Point set a $11.00 target price on Compass in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.21.

Hedge Funds Weigh In On Compass

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of Compass by 57.7% in the third quarter. GAMMA Investing LLC now owns 5,400 shares of the company’s stock valued at $48,000 after acquiring an additional 1,975 shares during the last quarter. IFP Advisors Inc bought a new stake in Compass during the 2nd quarter worth approximately $31,000. Reyes Financial Architecture Inc. acquired a new stake in Compass during the 3rd quarter valued at $35,000. Nisa Investment Advisors LLC increased its holdings in Compass by 22.5% during the 3rd quarter. Nisa Investment Advisors LLC now owns 27,462 shares of the company’s stock valued at $244,000 after purchasing an additional 5,049 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Compass during the 2nd quarter valued at $77,000. Institutional investors own 67.05% of the company’s stock.

About Compass

Compass, Inc is a technology-enabled residential real estate brokerage company that operates in the United States. The company provides services designed to help clients buy, sell, and rent homes, while supporting real estate agents with digital tools and brokerage services.

Its platform includes property search and marketing capabilities, customer relationship management tools, transaction management, and other technologies intended to streamline the real estate process. Compass works with independent agents and brokerage teams, who serve clients across a range of residential markets and property types.

Compass was founded in 2012 by Ori Allon and Robert Reffkin.