News stories about Coupa (NASDAQ:COUP) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Coupa earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.509869173918 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
NASDAQ:COUP opened at $47.23 on Friday. The stock has a market capitalization of $2,561.91, a price-to-earnings ratio of -62.14 and a beta of 1.13. Coupa has a 12 month low of $27.33 and a 12 month high of $50.69. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.68.
Coupa (NASDAQ:COUP) last released its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.17. The firm had revenue of $53.80 million for the quarter, compared to analyst estimates of $48.64 million. Coupa had a negative net margin of 23.45% and a negative return on equity of 19.30%. The company’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share. research analysts predict that Coupa will post -1.16 earnings per share for the current fiscal year.
A number of research firms recently weighed in on COUP. Cantor Fitzgerald reissued a “buy” rating on shares of Coupa in a research note on Friday. Morgan Stanley reissued an “equal weight” rating and issued a $49.00 target price (up previously from $42.00) on shares of Coupa in a research note on Tuesday, March 13th. Oppenheimer began coverage on shares of Coupa in a research note on Thursday, December 21st. They issued a “buy” rating and a $41.00 target price on the stock. Zacks Investment Research cut shares of Coupa from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Finally, JMP Securities cut shares of Coupa from an “outperform” rating to a “market perform” rating and set a $31.00 target price on the stock. in a research note on Tuesday, March 13th. Five equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $46.13.
In other Coupa news, CRO Steven M. Winter sold 11,336 shares of the business’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $48.85, for a total value of $553,763.60. Following the transaction, the executive now directly owns 12,480 shares in the company, valued at $609,648. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Anthony D. Tiscornia sold 2,384 shares of the business’s stock in a transaction dated Thursday, April 12th. The shares were sold at an average price of $46.86, for a total transaction of $111,714.24. Following the completion of the transaction, the insider now owns 2,124 shares in the company, valued at $99,530.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 391,674 shares of company stock worth $16,801,355. Company insiders own 32.10% of the company’s stock.
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Coupa Company Profile
Coupa Software Incorporated provides cloud-based spend management platform. The company's platform connects organization with suppliers globally; and provides visibility into and control over how companies spend money, as well as enables businesses to achieve savings that drive profitability. Its platform consists of procurement, invoicing, and expense management modules that form its transactional engine and capture a company's spend under management; and offers supporting modules, including sourcing, analytics, contract management, supplier management, inventory management, and storefront that help companies further manage their spend.
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