COUPA SOFTWARE (COUP) Coverage Initiated at Loop Capital

Stock analysts at Loop Capital started coverage on shares of COUPA SOFTWARE (NASDAQ:COUP) in a research note issued to investors on Tuesday, The Fly reports. The firm set a “hold” rating on the stock.

Several other research analysts also recently weighed in on COUP. J P Morgan Chase & Co initiated coverage on shares of COUPA SOFTWARE in a research note on Monday, October 31st. They issued a “neutral” rating for the company. Royal Bank Of Canada initiated coverage on shares of COUPA SOFTWARE in a research note on Monday, October 31st. They issued an “outperform” rating and a $31.00 target price for the company. JMP Securities boosted their target price on shares of COUPA SOFTWARE from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Tuesday, December 6th. Barclays PLC reissued an “equal weight” rating and issued a $28.00 target price on shares of COUPA SOFTWARE in a research note on Wednesday, November 30th. Finally, Morgan Stanley initiated coverage on shares of COUPA SOFTWARE in a research note on Monday, October 31st. They issued an “equal weight” rating and a $26.00 target price for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.50.

Analyst Recommendations for COUPA SOFTWARE (NASDAQ:COUP)

Shares of COUPA SOFTWARE (NASDAQ:COUP) traded down 0.15% during mid-day trading on Tuesday, hitting $25.92. 92,532 shares of the stock traded hands. The firm has a 50 day moving average of $25.40 and a 200 day moving average of $26.70. The stock’s market cap is $1.30 billion. COUPA SOFTWARE has a 12 month low of $23.52 and a 12 month high of $41.61.

COUPA SOFTWARE (NASDAQ:COUP) last released its quarterly earnings results on Monday, December 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.47) by $0.25. The firm had revenue of $35.44 million for the quarter, compared to analyst estimates of $31.10 million. The company’s quarterly revenue was up 55.4% compared to the same quarter last year. During the same period last year, the firm earned ($1.54) EPS. On average, equities analysts expect that COUPA SOFTWARE will post ($1.70) EPS for the current fiscal year.

“COUPA SOFTWARE (COUP) Coverage Initiated at Loop Capital” was originally reported by sleekmoney and is owned by of sleekmoney. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be viewed at http://sleekmoney.com/coupa-software-coup-coverage-initiated-at-loop-capital/1660850.html.

A number of hedge funds have recently bought and sold shares of the stock. State Street Corp acquired a new stake in COUPA SOFTWARE during the fourth quarter valued at approximately $2,224,000. Federated Investors Inc. PA acquired a new stake in COUPA SOFTWARE during the fourth quarter valued at approximately $11,330,000. FMR LLC acquired a new stake in COUPA SOFTWARE during the fourth quarter valued at approximately $603,000. Franklin Resources Inc. acquired a new stake in COUPA SOFTWARE during the fourth quarter valued at approximately $595,000. Finally, Battery Partners VIII LLC acquired a new stake in COUPA SOFTWARE during the fourth quarter valued at approximately $171,799,000. Institutional investors own 0.96% of the company’s stock.

About COUPA SOFTWARE

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.

5 Day Chart for NASDAQ:COUP

The Fly

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/coupa-software-coup-coverage-initiated-at-loop-capital/1660850.html

Receive News & Ratings for COUPA SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for COUPA SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *