Coupa Software (COUP) Receives Media Impact Rating of 0.09
News stories about Coupa Software (NASDAQ:COUP) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Coupa Software earned a news impact score of 0.09 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 44.017826697856 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Watching the Tape Move for Radius Health Inc (RDUS) and Coupa Software Inc (COUP) – Evergreen Caller (evergreencaller.com)
- Can Coupa Software Inc (COUP) Move Higher? – Sparta Review (spartareview.com)
- RealNetworks (RNWK) & COUPA SOFTWARE (COUP) Head to Head Analysis (americanbankingnews.com)
- Coupa Software (COUP) Scheduled to Post Earnings on Tuesday (americanbankingnews.com)
- Super Bowl XXI MVP Phil Simms Joins SiriusXM’s Mad Dog Sports Radio Channel As NFL Analyst (thestreet.com)
Several analysts have weighed in on COUP shares. Morgan Stanley reissued an “equal weight” rating and set a $31.00 target price (up previously from $29.00) on shares of Coupa Software in a research report on Saturday, June 3rd. Royal Bank Of Canada boosted their target price on shares of Coupa Software from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Raymond James Financial, Inc. reissued an “outperform” rating and set a $40.00 target price (up previously from $34.00) on shares of Coupa Software in a research report on Wednesday, June 7th. First Analysis started coverage on shares of Coupa Software in a research report on Monday, August 7th. They set an “overweight” rating and a $37.00 target price on the stock. Finally, Cantor Fitzgerald started coverage on shares of Coupa Software in a research report on Thursday, July 20th. They set an “overweight” rating and a $35.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $34.45.
Coupa Software (NASDAQ:COUP) traded up 1.3400% during mid-day trading on Wednesday, reaching $30.4324. 274,335 shares of the company’s stock traded hands. The stock’s market capitalization is $1.61 billion. Coupa Software has a 52 week low of $22.50 and a 52 week high of $41.61. The stock’s 50 day moving average is $30.33 and its 200-day moving average is $29.03.
Coupa Software (NASDAQ:COUP) last posted its quarterly earnings results on Monday, June 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The firm had revenue of $41.10 million for the quarter, compared to analyst estimates of $38.33 million. The business’s revenue was up 40.8% on a year-over-year basis. During the same period in the prior year, the company posted ($1.76) earnings per share. On average, equities analysts anticipate that Coupa Software will post ($0.51) EPS for the current year.
In related news, CFO Todd R. Ford sold 1,446 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $30.70, for a total transaction of $44,392.20. Following the sale, the chief financial officer now directly owns 4,059 shares of the company’s stock, valued at approximately $124,611.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Anthony D. Tiscornia sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $30.60, for a total value of $66,432.60. Following the sale, the insider now directly owns 1,911 shares in the company, valued at $58,476.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,851,944 shares of company stock worth $57,689,982. Corporate insiders own 32.10% 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.
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