Coupons.Com’s Lock-Up Period Set To End Tomorrow (NASDAQ:COUP)
Coupons.Com’s (NASDAQ:COUP) lock-up period is set to end on Wednesday, September 3rd. Coupons.Com had issued 10,500,000 shares in its IPO on March 7th, American Banking & Market News reports. The total size of the offering was $168,000,000 based on an initial share price of $16.00. After the expiration of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
COUP has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. Coupons.Com presently has a consensus rating of “Hold” and a consensus price target of $19.90.
Shares of Coupons.Com (NASDAQ:COUP) traded up 3.53% during mid-day trading on Tuesday, hitting $15.82. 80,808 shares of the company’s stock traded hands. Coupons.Com has a one year low of $11.61 and a one year high of $33.00. The stock has a 50-day moving average of $18.67 and a 200-day moving average of $21.98. The company’s market cap is $1.228 billion.
Coupons.Com (NASDAQ:COUP) last announced its earnings results 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.