Coupa Software (COUP) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Coupa Software (NASDAQ:COUP) have received an average recommendation of “Hold” from the fourteen analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $35.83.
Several brokerages have weighed in on COUP. ValuEngine raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Barclays reaffirmed a “hold” rating and set a $38.00 price target (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Zacks Investment Research raised Coupa Software from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $38.00 price target on shares of Coupa Software in a research report on Monday. Finally, Raymond James Financial reaffirmed a “buy” rating and set a $40.00 price target on shares of Coupa Software in a research report on Tuesday.
In related news, insider Anthony D. Tiscornia sold 782 shares of Coupa Software stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $34.00, for a total value of $26,588.00. Following the sale, the insider now directly owns 521 shares in the company, valued at approximately $17,714. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Steven M. Winter sold 11,336 shares of Coupa Software stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $34.33, for a total value of $389,164.88. Following the completion of the sale, the executive now owns 12,480 shares in the company, valued at $428,438.40. The disclosure for this sale can be found here. Insiders have sold a total of 521,293 shares of company stock worth $17,212,290 over the last 90 days. Insiders own 32.10% of the company’s stock.
Shares of Coupa Software (COUP) traded up $0.05 on Friday, reaching $33.61. The company’s stock had a trading volume of 285,600 shares, compared to its average volume of 471,663. Coupa Software has a 12 month low of $22.50 and a 12 month high of $37.72.
Coupa Software (NASDAQ:COUP) last announced its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.06. The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $45.02 million. Coupa Software had a negative return on equity of 20.40% and a negative net margin of 24.37%. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) EPS. equities analysts anticipate that Coupa Software will post -0.94 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Coupa Software (COUP) Receives Consensus Recommendation of “Hold” from Brokerages” was first posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another website, it was stolen and reposted in violation of US & international copyright laws. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/15/coupa-software-coup-receives-consensus-recommendation-of-hold-from-brokerages.html.
Coupa Software Company Profile
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
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.