Wall Street brokers expect Coupa Software Incorporated (NASDAQ:COUP – Get Rating) to report earnings of $0.05 per share for the current quarter, Zacks reports. Eight analysts provided earnings estimates for Coupa Software. The lowest EPS estimate is $0.04 and the highest is $0.07. Coupa Software reported earnings per share of $0.07 in the same quarter last year, suggesting a negative 28.6% year-over-year growth rate. The company is due to release its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Coupa Software to report annual earnings of $0.18 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.26. For next year, analysts expect the company to post earnings of $0.60 per share, with EPS estimates ranging from $0.28 to $1.19. Zacks Investment Research EPS averages are an average based on a survey of sell-side research companies that provide coverage for Coupa Software.
Coupa Software (NASDAQ:COUP – Get Rating) last released its quarterly earnings data on Monday, March 14. The technology company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.75) by $0.21. The company posted revenue of $193.30 million for the quarter, compared to $186.18 million expected by analysts. Coupa Software had a negative return on equity of 14.13% and a negative net margin of 52.26%. The company’s quarterly revenue increased 18.2% year over year. During the same period of the previous year, the company posted ($0.82) EPS.
A number of stock analysts have recently commented on COUP shares. Needham & Company LLC reduced its target price on Coupa Software from $210.00 to $90.00 and placed a “buy” rating on the stock in a Tuesday, March 15 report. Goldman Sachs Group reduced its price target on Coupa Software from $251.00 to $83.00 and set a “buy” rating for the company in a Wednesday, March 16 research note. Oppenheimer downgraded Coupa Software from an “outperforming” rating to a “market performance” rating in a Tuesday, March 15 research note. Piper Sandler downgraded Coupa Software from an “overweight” rating to a “neutral” rating and lowered its price target for the stock from $230.00 to $70.00 in a Tuesday, March 15 research note. Finally, Wells Fargo & Company reduced its price target on Coupa Software from $190.00 to $80.00 and set an “equal weight” rating for the company in a Tuesday, March 15 research note. One analyst rated the stock with a sell rating, twelve gave a hold rating and eleven issued a buy rating for 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.
Separately, director Michelle Brennan purchased 375 shares of the company in a transaction dated Wednesday, March 16. The shares were 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, accessible via this link. Additionally, CAO Maurizio Baratta sold 902 shares of Coupa Software in a trade that took place on Monday, March 21. The shares were sold at an average price of $98.75, for a total transaction of $89,072.50. The disclosure of this sale can be found here. In the past three months, insiders have sold 17,266 shares of the company valued at $1,718,614. 2.60% of the shares are held by insiders.
Hedge funds have recently changed their equity holdings. Forsta AP Fonden increased its stake in Coupa Software by 15.0% during the third quarter. Forsta AP Fonden now owns 16,100 shares of the technology company valued at $3,529,000 after purchasing an additional 2,100 shares during the period. Ensign Peak Advisors Inc increased its stake in Coupa Software by 4.4% during the third quarter. Ensign Peak Advisors Inc now owns 21,004 shares of the technology company valued at $4,604,000 after buying an additional 889 shares during the period. Stanley Laman Group Ltd. acquired a new position in Coupa Software during the third quarter valued at approximately $624,000. Bristlecone Advisors LLC bought a new position in Coupa Software in the fourth quarter worth $369,000. Finally, Cubist Systematic Strategies LLC increased its stake in Coupa Software by 61.7% in the third quarter. Cubist Systematic Strategies LLC now owns 50,570 shares of the technology company worth $11,084,000 after buying 19,296 additional shares in the last quarter.
Coupa Software stock traded at $1.85 during Friday’s trading, hitting $89.48. The company had a trading volume of 1,417,017 shares, compared to an 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 company’s 50-day simple moving average is $105.10 and its 200-day simple moving average is $155.20. The company has a market capitalization of $6.72 billion, a price-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 ratio of 1.81.
Coupa Software Company Profile (Get a rating)
Coupa Software Incorporated provides a cloud-based enterprise expense management platform that connects its customers with vendors around the world. The company provides visibility and control over how companies spend money, optimize supply chains and manage cash, while enabling companies to realize savings that drive profitability.
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