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

Compass, Inc. (NYSE:COMP) was the recipient of some unusual options trading on Thursday. Traders bought 15,109 put options on the stock. This is an increase of approximately 1,285% compared to the average daily volume of 1,091 put options.

Analysts Set New Price Targets

COMP has been the subject of several recent research reports. UBS Group increased their price target on Compass from $2.25 to $3.50 and gave the company a “neutral” rating in a report on Friday, March 1st. The Goldman Sachs Group raised their target price on Compass from $3.50 to $4.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Gordon Haskett cut Compass from a “hold” rating to an “underperform” rating and cut their target price for the stock from $2.75 to $2.25 in a research note on Wednesday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of Compass in a research note on Wednesday, February 28th. Finally, BTIG Research cut their target price on Compass from $4.50 to $4.30 and set a “buy” rating for the company in a research note on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $3.78.

Compass Stock Down 0.6 %

COMP opened at $3.24 on Friday. Compass has a 52 week low of $1.82 and a 52 week high of $4.49. The business has a fifty day simple moving average of $3.56 and a 200-day simple moving average of $3.07. The firm has a market cap of $1.59 billion, a P/E ratio of -4.76 and a beta of 2.89.

Compass (NYSE:COMP) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). Compass had a negative return on equity of 70.51% and a negative net margin of 6.58%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business posted ($0.36) earnings per share. Sell-side analysts expect that Compass will post -0.32 earnings per share for the current year.

About Compass

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.