Coupa (NASDAQ:COUP) has earned a consensus recommendation of “Buy” from the eighteen research firms that are currently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $45.87.
Several research analysts recently commented on COUP shares. Morgan Stanley raised their price target on shares of Coupa from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. They noted that the move was a valuation call. SunTrust Banks started coverage on shares of Coupa in a research note on Wednesday, January 31st. They issued a “buy” rating and a $45.00 price target on the stock. Zacks Investment Research raised shares of Coupa from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Thursday, February 8th. Barclays raised their price target on shares of Coupa from $38.00 to $47.00 and gave the stock an “overweight” rating in a research note on Monday, March 5th. Finally, JMP Securities downgraded shares of Coupa from an “outperform” rating to a “market perform” rating and set a $31.00 price target on the stock. in a research note on Tuesday, March 13th.
In other Coupa news, CRO Steven M. Winter sold 11,336 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $54.24, for a total transaction of $614,864.64. Following the transaction, the executive now owns 12,480 shares of the company’s stock, valued at approximately $676,915.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony D. Tiscornia sold 782 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $54.14, for a total transaction of $42,337.48. Following the transaction, the insider now directly owns 521 shares in the company, valued at approximately $28,206.94. The disclosure for this sale can be found here. Insiders have sold a total of 392,770 shares of company stock worth $18,888,603 in the last three months. Insiders own 6.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Highland Capital Management LP purchased a new position in Coupa during the 4th quarter valued at about $3,122,000. Hershey Trust Co. boosted its holdings in shares of Coupa by 1,252.0% in the 4th quarter. Hershey Trust Co. now owns 25,025 shares of the technology company’s stock valued at $781,000 after buying an additional 23,174 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Coupa by 32.1% in the 4th quarter. Deutsche Bank AG now owns 401,945 shares of the technology company’s stock valued at $12,547,000 after buying an additional 97,642 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Coupa by 29.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 44,566 shares of the technology company’s stock valued at $1,392,000 after buying an additional 10,084 shares in the last quarter. Finally, Monashee Investment Management LLC bought a new stake in shares of Coupa in the 4th quarter valued at about $1,405,000. 93.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Coupa traded down $1.23, hitting $51.03, during trading on Monday, MarketBeat.com reports. The stock had a trading volume of 543,413 shares, compared to its average volume of 720,380. The firm has a market capitalization of $2.96 billion, a PE ratio of -67.14 and a beta of 1.15. Coupa has a 12 month low of $28.52 and a 12 month high of $55.10. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.68.
Coupa (NASDAQ:COUP) last posted its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.17. The company had revenue of $53.80 million for the quarter, compared to the consensus estimate of $48.64 million. Coupa had a negative net margin of 23.45% and a negative return on equity of 19.30%. The firm’s revenue was up 41.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) EPS. sell-side analysts predict that Coupa will post -1.16 earnings per share for the current fiscal year.
Coupa Company Profile
Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend; and offers supporting modules, including sourcing, spend analysis, contract management, supplier management, and inventory management.
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