Traders Buy Large Volume of Call Options on Compass (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the target of unusually large options trading activity on Tuesday. Stock investors purchased 6,386 call options on the stock. This is an increase of approximately 210% compared to the typical daily volume of 2,063 call options.

Insider Transactions at Compass

In other Compass news, CEO Robert L. Reffkin sold 55,893 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $6.92, for a total transaction of $386,779.56. Following the sale, the chief executive officer now owns 777,933 shares in the company, valued at $5,383,296.36. This represents a 6.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction dated 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 completion of the transaction, the insider now owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. The trade was a 14.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,032,900 shares of company stock valued at $70,077,531. 6.25% of the stock is currently owned by corporate insiders.

Compass Stock Performance

Compass stock opened at $5.85 on Thursday. The company has a market capitalization of $2.99 billion, a P/E ratio of -14.62 and a beta of 2.89. Compass has a fifty-two week low of $2.89 and a fifty-two week high of $7.69. The stock has a 50-day simple moving average of $6.49 and a 200-day simple moving average of $5.48.

Analyst Ratings Changes

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

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.