Zacks Investment Research Upgrades Coupa Software (COUP) to Buy

Coupa Software (NASDAQ:COUP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $45.00 price objective on the technology company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 14.91% from the stock’s current price.

According to Zacks, “Coupa Software Inc. provides cloud-based spend management platform which connects organizations with suppliers. Coupa Software Inc. is based in SAN MATEO, United States. “

Several other brokerages have also weighed in on COUP. SunTrust Banks began coverage on shares of Coupa Software in a research report on Wednesday, January 31st. They set a “buy” rating and a $45.00 target price on the stock. Morgan Stanley upped their target price on shares of Coupa Software from $35.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. They noted that the move was a valuation call. ValuEngine upgraded shares of Coupa Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Barclays restated a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Coupa Software in a research report on Monday, November 27th. Finally, Northland Securities set a $41.00 target price on shares of Coupa Software and gave the stock a “buy” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $38.52.

Coupa Software (NASDAQ:COUP) opened at $39.16 on Thursday. Coupa Software has a one year low of $22.50 and a one year high of $40.31. The stock has a market cap of $2,155.62, a PE ratio of -48.95 and a beta of 4.73.

Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, December 4th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. Coupa Software had a negative net margin of 24.37% and a negative return on equity of 20.40%. The business had revenue of $47.30 million for the quarter, compared to analyst estimates of $45.02 million. During the same period in the previous year, the business posted ($0.22) earnings per share. The business’s revenue was up 33.6% compared to the same quarter last year. research analysts expect that Coupa Software will post -0.94 EPS for the current fiscal year.

In other Coupa Software news, insider Anthony D. Tiscornia sold 782 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $34.00, for a total value of $26,588.00. Following the sale, the insider now owns 521 shares of the company’s stock, valued at $17,714. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony D. Tiscornia sold 781 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $33.18, for a total transaction of $25,913.58. Following the completion of the sale, the insider now directly owns 521 shares in the company, valued at approximately $17,286.78. The disclosure for this sale can be found here. Insiders sold 358,346 shares of company stock worth $12,221,222 in the last ninety days. Insiders own 32.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Coupa Software during the fourth quarter valued at approximately $233,000. Essex Investment Management Co. LLC purchased a new position in shares of Coupa Software during the fourth quarter valued at approximately $242,000. Personal Capital Advisors Corp purchased a new position in shares of Coupa Software during the fourth quarter valued at approximately $261,000. UBS Asset Management Americas Inc. purchased a new position in shares of Coupa Software during the fourth quarter valued at approximately $268,000. Finally, Trexquant Investment LP purchased a new position in shares of Coupa Software during the third quarter valued at approximately $274,000. 75.09% of the stock is currently owned by institutional investors.

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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.

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