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

Compass, Inc. (NYSE:COMP) was the target of some unusual options trading activity on Wednesday. Traders purchased 35,316 put options on the stock. This represents an increase of approximately 136% compared to the average volume of 14,987 put options.

Insider Buying and Selling

In related news, General Counsel Bradley K. Serwin sold 20,953 shares of Compass stock in a transaction dated Tuesday, November 25th. The stock was 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 in the company, valued at $2,845,832. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Scott R. Wahlers sold 99,986 shares of Compass stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $12.03, for a total transaction of $1,202,831.58. Following the transaction, the chief financial officer directly owned 250,073 shares in the company, valued at approximately $3,008,378.19. The trade was a 28.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 232,360 shares of company stock valued at $2,634,501. Company insiders own 4.08% of the company’s stock.

Wall Street Analysts Forecast Growth

COMP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft upgraded Compass from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Tuesday, January 20th. Wells Fargo & Company lifted their target price on Compass from $8.00 to $13.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Zacks Research raised shares of Compass from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. UBS Group reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Compass in a research report on Monday. Finally, Odeon Capital Group began coverage on shares of Compass in a research report on Wednesday, November 19th. They set a “buy” rating for the company. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.64.

Compass Trading Down 10.5%

COMP traded down $1.34 during midday trading on Wednesday, hitting $11.43. 22,979,301 shares of the company traded hands, compared to its average volume of 24,846,867. The business has a 50 day simple moving average of $11.63 and a two-hundred day simple moving average of $9.66. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of -104.10 and a beta of 2.54. Compass has a 52-week low of $5.66 and a 52-week high of $13.95.

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.