Traders Purchase Large Volume of Put Options on Compass (NYSE:COMP)

Compass, Inc. (NYSE:COMP) was the recipient of some unusual options trading on Thursday. Stock investors acquired 15,109 put options on the company. This represents an increase of approximately 1,285% compared to the average daily volume of 1,091 put options.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on COMP. Barclays raised their price objective on Compass from $2.50 to $4.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 target price on shares of Compass in a report on Wednesday, February 28th. Gordon Haskett downgraded Compass from a “hold” rating to an “underperform” rating and cut their price target for the stock from $2.75 to $2.25 in a report on Wednesday, February 21st. The Goldman Sachs Group lifted their target price on Compass from $3.50 to $4.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Finally, UBS Group lifted their target price on Compass from $2.25 to $3.50 and gave the company a “neutral” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.78.

Compass Stock Down 2.4 %

Shares of NYSE COMP opened at $3.26 on Friday. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of -4.79 and a beta of 2.89. The stock’s fifty day simple moving average is $3.57 and its 200 day simple moving average is $3.07. Compass has a 52-week low of $1.82 and a 52-week high of $4.49.

Compass (NYSE:COMP) last issued its earnings results on Tuesday, February 27th. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Compass had a negative return on equity of 70.51% and a negative net margin of 6.58%. During the same quarter last year, the firm posted ($0.36) earnings per share. As a group, analysts anticipate 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.