Wall Street brokerages predict that Coupa Software Incorporated (NASDAQ: COUP – Get Rating) will announce sales of $ 190.18 million for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Coupa Software’s earnings. The lowest sales estimate is $ 189.64 million and the highest is $ 191.00 million. Coupa Software reported sales of $ 166.93 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.9%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, January 1st.
On average, analysts expect that Coupa Software will report full year sales of $ 838.47 million for the current financial year, with estimates ranging from $ 838.00 million to $ 840.00 million. For the next financial year, analysts anticipate that the firm will report sales of $ 1.01 billion, with estimates ranging from $ 972.22 million to $ 1.04 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Coupa Software.
Coupa Software (NASDAQ: COUP – Get Rating) last released its quarterly earnings data on Monday, March 14th. The technology company reported ($ 0.54) EPS for the quarter, beating analysts’ consensus estimates of ($ 0.75) by $ 0.21. The business had revenue of $ 193.30 million during the quarter, compared to the consensus estimate 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 revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($ 0.82) earnings per share.
Several equities research analysts have issued reports on the company. Truist Financial lowered their price target on Coupa Software from $ 225.00 to $ 85.00 and set a “buy” rating for the company in a report on Tuesday, March 15th. Raymond James lowered their price target on Coupa Software from $ 195.00 to $ 75.00 and set an “outperform” rating for the company in a report on Tuesday, March 15th. Needham & Company LLC lowered their price target on Coupa Software from $ 210.00 to $ 90.00 and set a “buy” rating for the company in a report on Tuesday, March 15th. The Goldman Sachs Group downgraded Coupa Software from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $ 83.00 to $ 64.00 in a report on Thursday. Finally, StockNews.com began coverage on Coupa Software in a research report on Thursday, March 31st. They set a “sell” rating for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $ 141.25.
Shares of Coupa Software stock opened at $ 73.15 on Monday. Coupa Software has a 1 year low of $ 58.43 and a 1 year high of $ 283.38. The business has a 50-day moving average of $ 93.80 and a two-hundred day moving average of $ 136.99. The company has a market capitalization of $ 5.49 billion, a P / E ratio of -14.23 and a beta of 1.44. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.79 and a quick ratio of 1.79.
In other news, CAO Maurizio Baratta sold 902 shares of the firm’s stock in a transaction that occurred on Monday, March 21st. The stock was sold at an average price of $ 98.75, for a total value of $ 89,072.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michelle Brennan acquired 375 shares of the business’s stock in a transaction dated Wednesday, March 16th. The stock was acquired at an average cost of $ 78.65 per share, with a total value of $ 29,493.75. The disclosure for this purchase can be found here. Insiders have sold 17,266 shares of company stock valued at $ 1,718,614 over the last three months. Insiders own 2.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Montag A & Associates Inc. increased its stake in shares of Coupa Software by 336.8% during the fourth quarter. Montag A & Associates Inc. now owns 166 shares of the company’s technology stock worth $ 26,000 after purchasing an additional 128 shares during the period. Sandy Cove Advisors LLC bought a new position in shares of Coupa Software during the fourth quarter worth approximately $ 30,000. Standard Family Office LLC bought a new position in shares of Coupa Software during the fourth quarter worth approximately $ 32,000. Desjardins Global Asset Management Inc. bought a new position in shares of Coupa Software during the fourth quarter worth approximately $ 37,000. Finally, UMB Bank NA MO bought a new position in shares of Coupa Software during the fourth quarter worth approximately $ 37,000. Institutional investors own 95.45% of the company’s stock.
About Coupa Software (Get Rating)
Coupa Software Incorporated provides a 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.
Get a free copy of the Zacks research report on Coupa Software (COUP)
For more information about research offers from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Coupa Software Daily – Enter your email address below to receive a concise daily summary of the latest news and analyzes’ ratings for Coupa Software and related companies with MarketBeat.com’s FREE daily email newsletter.