Wall Street brokerages forecast that Coupa Software Incorporated (NASDAQ:COUP – Get Rating) will announce earnings of $0.05 per share for the current quarter, Zacks reports. Eight analysts have provided estimates for Coupa Software’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.07. Coupa Software posted earnings per share of $0.07 during the same quarter last year, which would suggest a negative year-over-year growth rate of 28.6%. The firm is scheduled to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Coupa Software will report full-year earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.26. For the next year, analysts forecast that the company will report earnings of $0.60 per share, with EPS estimates ranging from $0.28 to $1.19. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Coupa Software.
Coupa Software (NASDAQ:COUP – Get Rating) last released its quarterly earnings data on Monday, March 14th. The technology company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.75) by $0.21. The business had revenue of $193.30 million for the quarter, compared to analysts’ expectations of $186.18 million. Coupa Software had a negative return on equity of 14.13% and a negative net margin of 52.26%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.82) EPS.
A number of equities analysts recently commented on COUP shares. Needham & Company LLC decreased their target price on Coupa Software from $210.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday, March 15th. The Goldman Sachs Group cut their price target on Coupa Software from $251.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, March 16th. Oppenheimer lowered Coupa Software from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 15th. Piper Sandler lowered Coupa Software from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $230.00 to $70.00 in a research note on Tuesday, March 15th. Finally, Wells Fargo & Company cut their price target on Coupa Software from $190.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $142.20.
In related news, Director Michelle Brennan purchased 375 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The stock was purchased at an average price of $78.65 per share, with a total value of $29,493.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Maurizio Baratta sold 902 shares of Coupa Software stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $98.75, for a total transaction of $89,072.50. The disclosure for this sale can be found here. In the last three months, insiders sold 17,266 shares of company stock valued at $1,718,614. 2.60% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the stock. Forsta AP Fonden increased its holdings in Coupa Software by 15.0% during the third quarter. Forsta AP Fonden now owns 16,100 shares of the technology company’s stock valued at $3,529,000 after buying an additional 2,100 shares during the period. Ensign Peak Advisors Inc increased its holdings in Coupa Software by 4.4% during the third quarter. Ensign Peak Advisors Inc now owns 21,004 shares of the technology company’s stock valued at $4,604,000 after buying an additional 889 shares during the period. Stanley Laman Group Ltd. purchased a new position in Coupa Software during the third quarter valued at approximately $624,000. Bristlecone Advisors LLC purchased a new position in Coupa Software in the fourth quarter worth $369,000. Finally, Cubist Systematic Strategies LLC grew its holdings in Coupa Software by 61.7% in the third quarter. Cubist Systematic Strategies LLC now owns 50,570 shares of the technology company’s stock worth $11,084,000 after purchasing an additional 19,296 shares during the last quarter.
Coupa Software stock traded down $1.85 during trading on Friday, reaching $89.48. The company had a trading volume of 1,417,017 shares, compared to its average volume of 2,468,773. Coupa Software has a 52 week low of $64.79 and a 52 week high of $283.38. The firm’s 50-day simple moving average is $105.10 and its 200 day simple moving average is $155.20. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of -17.41 and a beta of 1.41. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.81.
Coupa Software Company Profile (Get Rating)
Coupa Software Incorporated provides cloud-based business spend management platform that connects its customers with suppliers worldwide. The company provides visibility into and control over how companies spend money, optimize supply chains, and manage liquidity, as well as enables businesses to achieve savings that drive profitability.
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