Wednesday, September 23, 2020

Evercore ISI Downgrade Coupa Software Incorporated [COUP]. What else is Wall St. saying?

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Coupa Software Incorporated [NASDAQ: COUP] closed the trading session at $308.23 on 09/03/20. The day’s price range saw the stock hit a low of $296.15, while the highest price level was $318.01. The company report on August 6, 2020 that Coupa Business Spend Index Reveals that Business Spend Sentiment Has Improved But Remains Below Trend.

Q3 Outlook shows early signs of business resilience amid economic downturn.

Today, Coupa Software (NASDAQ: COUP) published the findings from its Coupa Business Spend Index (BSI), Q3 2020 Outlook. The Coupa BSI analyzes billions of dollars of aggregated and anonymized business spend decisions, which serves as an early indicator of macroeconomic health over the next three to six months. The Q3 Outlook revealed that business spend sentiment recovered modestly (an increase of 9.6 percent), suggesting that while current confidence is still well below trend, businesses are showing early signs of optimism around the economic outlook.

The stocks have a year to date performance of 110.76 percent and weekly performance of -5.08 percent. The stock has been moved at 118.09 percent over the last six months. The stock has performed -2.44 percent around the most recent 30 days and changed 42.08 percent over the most recent 3-months.

If compared to the average trading volume of 1.47M shares, COUP reached to a volume of 2060467 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Coupa Software Incorporated [COUP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COUP shares is $250.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COUP stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for Coupa Software Incorporated shares, keeping their opinion on the stock as In-line, with their previous recommendation back on August 12, 2020. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on July 01, 2020, representing the official price target for Coupa Software Incorporated stock. Previously, the target price had yet another raise to $198, while Wedbush analysts kept a Neutral rating on COUP stock.

The Average True Range (ATR) for Coupa Software Incorporated is set at 16.03, with the Price to Sales ratio for COUP stock in the period of the last 12 months amounting to 48.17. The Price to Book ratio for the last quarter was 43.29, with the Price to Cash per share for the same quarter was set at 10.56. Price to Free Cash Flow for COUP in the course of the last twelve months was 396.84 with Quick ratio for the last quarter at 2.00.

COUP stock trade performance evaluation

Coupa Software Incorporated [COUP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.08. With this latest performance, COUP shares dropped by -2.44% in over the last four-week period, additionally plugging by 118.09% over the last 6 months – not to mention a rise of 100.92% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for COUP stock in for the last two-week period is set at 49.04, with the RSI for the last a single of trading hit 46.52, and the three-weeks RSI is set at 52.52 for Coupa Software Incorporated [COUP]. The present Moving Average for the last 50 days of trading for this stock 300.82, while it was recorded at 326.86 for the last single week of trading, and 202.59 for the last 200 days.

Coupa Software Incorporated [COUP]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Coupa Software Incorporated [COUP] shares currently have an operating margin of -17.92 and a Gross Margin at +62.65. Coupa Software Incorporated’s Net Margin is presently recorded at -23.31.

Return on Total Capital for COUP is now -8.05, given the latest momentum, and Return on Invested Capital for the company is -13.32. Return on Equity for this stock declined to -23.94, with Return on Assets sitting at -7.78. When it comes to the capital structure of this company, Coupa Software Incorporated [COUP] has a Total Debt to Total Equity ratio set at 179.57. Additionally, COUP Total Debt to Total Capital is recorded at 64.23, with Total Debt to Total Assets ending up at 50.20. Long-Term Debt to Equity for the company is recorded at 135.74, with the Long-Term Debt to Total Capital now at 48.55.

Reflecting on the efficiency of the workforce at the company, Coupa Software Incorporated [COUP] managed to generate an average of -$53,652 per employee. Receivables Turnover for the company is 3.65 with a Total Asset Turnover recorded at a value of 0.33.Coupa Software Incorporated’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

Earnings per share (EPS) analysis for Coupa Software Incorporated [COUP] stock

With the latest financial reports released by the company, Coupa Software Incorporated posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.1/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 170.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for COUP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Coupa Software Incorporated go to 13.45%.

Coupa Software Incorporated [COUP]: Insider Ownership positions

There are presently around $22,182 million, in the hands of institutional investors. The top three institutional holders of COUP stocks are: MORGAN STANLEY with ownership of 8,483,740, which is approximately 1.738% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 6,187,449 shares of the stock with an approximate value of $1.91 billion in COUP stocks shares; and BLACKROCK INC., currently with $1.61 billion in COUP stock with ownership of nearly 41.723% of the company’s market capitalization.

Positions in Coupa Software Incorporated stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 256 institutional holders increased their position in Coupa Software Incorporated [NASDAQ:COUP] by around 12,209,218 shares. Additionally, 184 investors decreased positions by around 10,947,076 shares, while 37 investors held positions by with 48,810,604 shares. The mentioned changes placed institutional holdings at 71,966,898 shares, according to the latest SEC report filing. COUP stock had 127 new institutional investments in for a total of 4,527,508 shares, while 63 institutional investors sold positions of 3,584,014 shares during the same period.

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