Coupa Software Inc (COUP) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Coupa Software Inc (NASDAQ:COUP) have received an average recommendation of “Buy” from the seventeen ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $96.50.
A number of equities analysts recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Coupa Software in a research report on Friday, February 1st. They issued a “buy” rating and a $96.00 price objective on the stock. Bank of America assumed coverage on shares of Coupa Software in a research report on Monday, May 13th. They issued a “buy” rating and a $120.00 price objective on the stock. Raymond James lifted their price objective on shares of Coupa Software from $86.00 to $107.00 in a research report on Tuesday, March 12th. Needham & Company LLC reiterated a “buy” rating and issued a $108.00 price objective (up from $83.00) on shares of Coupa Software in a research report on Tuesday, March 12th. They noted that the move was a valuation call. Finally, Barclays reiterated a “hold” rating and issued a $86.00 price objective on shares of Coupa Software in a research report on Wednesday, March 13th.
In other news, insider Mark Riggs sold 929 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $95.72, for a total transaction of $88,923.88. Following the completion of the sale, the insider now owns 3,655 shares in the company, valued at approximately $349,856.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Veenendaal Frank Van sold 1,299 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $105.00, for a total value of $136,395.00. Following the sale, the director now owns 116,841 shares of the company’s stock, valued at approximately $12,268,305. The disclosure for this sale can be found here. Insiders have sold a total of 327,555 shares of company stock valued at $31,869,193 in the last quarter. Company insiders own 5.30% of the company’s stock.
Shares of COUP traded up $0.51 during mid-day trading on Friday, reaching $111.75. 16,747 shares of the company’s stock were exchanged, compared to its average volume of 1,420,366. The firm has a market cap of $6.88 billion, a PE ratio of -166.60 and a beta of 1.88. Coupa Software has a 52-week low of $50.81 and a 52-week high of $116.13.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings data on Monday, March 11th. The technology company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.08. Coupa Software had a negative net margin of 21.33% and a negative return on equity of 14.28%. The firm had revenue of $74.91 million for the quarter, compared to analyst estimates of $68.07 million. As a group, analysts expect that Coupa Software will post -0.78 earnings per share for the current fiscal year.
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.
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