Stock Traders Buy High Volume of Put Options on Coupons.Com (COUP)
Coupons.Com (NASDAQ:COUP) was the target of unusually large options trading on Friday. Stock traders acquired 1,625 put options on the company, American Banking and Market News reports. This represents an increase of 354% compared to the typical volume of 358 put options.
A number of analysts have recently weighed in on COUP shares. Analysts at Vertical Group cut their price target on shares of Coupons.Com to $11.00 in a research note on Wednesday, August 20th. Finally, analysts at RBC Capital cut their price target on shares of Coupons.Com from $26.00 to $22.00 in a research note on Thursday, August 7th. They now have a “sector perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Coupons.Com presently has an average rating of “Hold” and an average target price of $19.90.
Shares of Coupons.Com (NASDAQ:COUP) traded up 9.46% during mid-day trading on Friday, hitting $15.28. The stock had a trading volume of 831,203 shares. Coupons.Com has a 52 week low of $11.61 and a 52 week high of $33.00. The stock has a 50-day moving average of $18.93 and a 200-day moving average of $22.04. The company’s market cap is $1.186 billion.
Coupons.Com (NASDAQ:COUP) last released its earnings data on Wednesday, August 6th. The company reported ($0.09) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $0.05. The company had revenue of $51.70 million for the quarter, compared to the consensus estimate of $51.64 million. Coupons.Com’s revenue was up 32.2% compared to the same quarter last year.
Coupons.com Incorporated operates a digital promotion platform that connects great brands and retailers with consumers.
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