Coupa Software Inc (NASDAQ:COUP) Given Consensus Rating of “Buy” by Analysts

Shares of Coupa Software Inc (NASDAQ:COUP) have been assigned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $116.93.

COUP has been the subject of several research reports. Barclays upped their price objective on shares of Coupa Software from $95.00 to $101.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 4th. They noted that the move was a valuation call. Northland Securities upped their target price on shares of Coupa Software from $85.00 to $150.00 and gave the stock an “average” rating in a research report on Thursday, July 11th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. Loop Capital upped their target price on shares of Coupa Software to $125.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Finally, Oppenheimer upped their target price on shares of Carlisle Companies from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 18th.

NASDAQ COUP traded down $1.86 during trading on Friday, hitting $143.91. The company had a trading volume of 956,535 shares, compared to its average volume of 1,726,443. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.07. Coupa Software has a one year low of $52.01 and a one year high of $148.00. The firm has a market capitalization of $9.00 billion, a P/E ratio of -214.79 and a beta of 1.61. The stock has a fifty day simple moving average of $126.94.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings data on Monday, June 3rd. The technology company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.29. Coupa Software had a negative net margin of 21.22% and a negative return on equity of 14.29%. The business had revenue of $81.30 million during the quarter, compared to analyst estimates of $73.85 million. During the same period in the prior year, the business earned ($0.01) EPS. The company’s revenue for the quarter was up 44.1% on a year-over-year basis. As a group, equities research analysts expect that Coupa Software will post -1.19 EPS for the current fiscal year.

In related news, CAO Anthony D. Tiscornia sold 260 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $118.81, for a total transaction of $30,890.60. Following the sale, the chief accounting officer now directly owns 260 shares of the company’s stock, valued at approximately $30,890.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Riggs sold 929 shares of the stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $95.44, for a total transaction of $88,663.76. Following the sale, the insider now directly owns 4,487 shares in the company, valued at $428,239.28. The disclosure for this sale can be found here. Insiders have sold a total of 409,306 shares of company stock worth $49,955,842 over the last three months. 5.30% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Destination Wealth Management purchased a new stake in Coupa Software during the 2nd quarter valued at about $44,000. Nisa Investment Advisors LLC boosted its holdings in shares of Coupa Software by 39.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 405 shares of the technology company’s stock valued at $51,000 after acquiring an additional 115 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of Coupa Software by 58.1% during the 4th quarter. Captrust Financial Advisors now owns 438 shares of the technology company’s stock valued at $28,000 after acquiring an additional 161 shares during the last quarter. PRW Wealth Management LLC purchased a new stake in shares of Coupa Software during the 4th quarter valued at about $34,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Coupa Software during the 1st quarter valued at about $70,000. 99.14% of the stock is currently owned by institutional investors.

About Coupa Software

Coupa Software, Inc engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company’s business spend.

Further Reading: The basics of gap trading strategies

Analyst Recommendations for Coupa Software (NASDAQ:COUP)

Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit