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

Compass, Inc. (NYSE:COMP) saw some unusual options trading on Tuesday. Stock traders purchased 6,386 call options on the stock. This is an increase of 210% compared to the typical volume of 2,063 call options.

Analysts Set New Price Targets

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

Compass Trading Up 0.5 %

Shares of COMP stock traded up $0.03 during trading hours on Tuesday, reaching $5.82. The stock had a trading volume of 1,680,176 shares, compared to its average volume of 4,511,368. The stock’s fifty day simple moving average is $6.49 and its 200 day simple moving average is $5.45. The firm has a market capitalization of $2.97 billion, a PE ratio of -14.55 and a beta of 2.89. Compass has a 12 month low of $2.89 and a 12 month high of $7.69.

Insider Activity

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the completion of the sale, the insider now owns 58,070,273 shares in the company, valued at $367,584,828.09. This trade represents a 14.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert L. Reffkin sold 55,893 shares of Compass stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $6.92, for a total transaction of $386,779.56. Following the completion of the sale, the chief executive officer now directly owns 777,933 shares in the company, valued at $5,383,296.36. This trade represents a 6.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,032,900 shares of company stock valued at $70,077,531 over the last three months. Corporate insiders own 6.25% of the company’s stock.

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.