Investors Buy Large Volume of Put Options on Compass (NYSE:COMP)

Key Points

• Investors showed increased bearish sentiment towards Compass, Inc. by purchasing 5,016 put options on Wednesday, a significant 73% rise from the usual daily volume.
• Multiple brokerages have adjusted their price targets for Compass, with BTIG Research setting a target of $9.00 and Oppenheimer lowering its target from $13.00 to $12.00.
• Compass's stock experienced a decline, trading at $7.30, with a market cap of $3.81 billion and recent performance impacting its price targets across various analysts.

Compass, Inc. (NYSE:COMP - Get Free Report) saw some unusual options trading on Wednesday. Stock traders bought 5,016 put options on the stock. Thisisanincreaseof73% compared to the average daily volume of 2,897 put options.

Analyst Upgrades and Downgrades

COMP has been the subject of several research reports. Barclays set a $8.00 target price on Compass and gave the company an "equal weight" rating in a research note on Thursday. UBS Group raised their price target on Compass from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Thursday. Oppenheimer raised their price target on Compass from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $11.00 price target on shares of Compass in a research report on Thursday. Finally, Morgan Stanley reduced their price target on Compass from $8.50 to $8.00 and set an "equal weight" rating on the stock in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Compass has an average rating of "Moderate Buy" and an average price target of $9.44.

Compass Stock Performance

COMP stock traded down $0.13 during midday trading on Friday, hitting $7.81. 14,812,948 shares of the company's stock were exchanged, compared to its average volume of 6,997,391. The stock's fifty day moving average price is $6.48 and its 200-day moving average price is $7.37. The company has a market cap of $4.07 billion, a PE ratio of -78.09 and a beta of 2.61. Compass has a one year low of $3.84 and a one year high of $10.25.

Compass (NYSE:COMP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.07 EPS for the quarter, meeting analysts' consensus estimates of $0.07. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.08 billion. Compass had a negative return on equity of 10.83% and a negative net margin of 0.85%. On average, analysts expect that Compass will post 0.09 EPS 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.