Compass Sees Unusually Large Options Volume (NYSE:COMP)

Compass, Inc. (NYSE:COMP) saw unusually large options trading activity on Tuesday. Stock investors bought 6,386 call options on the company. This represents an increase of approximately 210% compared to the average volume of 2,063 call options.

Compass Price Performance

Shares of NYSE:COMP traded up $0.03 during trading on Tuesday, reaching $5.82. 1,680,176 shares of the stock were exchanged, compared to its average volume of 4,511,368. Compass has a 1-year low of $2.89 and a 1-year high of $7.69. The stock has a fifty day moving average of $6.49 and a two-hundred day moving average of $5.45. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -14.55 and a beta of 2.89.

Insider Transactions at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total value of $63,300,000.00. Following the sale, the insider now directly owns 58,070,273 shares of the company’s stock, valued at approximately $367,584,828.09. This represents a 14.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert L. Reffkin sold 52,501 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $6.90, for a total transaction of $362,256.90. Following the sale, the chief executive officer now owns 947,499 shares of the company’s stock, valued at approximately $6,537,743.10. This trade represents a 5.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,032,900 shares of company stock worth $70,077,531. Company insiders own 6.25% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays increased their price target on Compass from $6.00 to $7.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 11th. UBS Group raised their target price on Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group boosted their price target on Compass from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and set a $8.00 price target on shares of Compass in a report on Tuesday, December 3rd. Finally, Oppenheimer lifted their price objective on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Compass currently has an average rating of “Moderate Buy” and a consensus price target of $6.72.

Compass Company Profile

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.