StockNews.com begins covering Coupa Software (NASDAQ:COUP)

Research analysts from StockNews.com started providing coverage on the Coupa Software business in a message sent out to investors on the previous Saturday (NASDAQ: COUP). The company advised potential shareholders to “sell” its stock to maximize their return. During the past few months, discussions of the company have been included in papers written by multiple equity analysts.

The results of a research study conducted by Sumitomo Mitsui Financial Group and made public on December 12 revealed that the company had upgraded its rating for Coupa Software from “neutral” to “outperform.” Coupa Software was rated “peer perform” rather than “outperform” in a report published on Tuesday, December 13, by Wolfe Research. This indicates that the rating was lowered. The Royal Bank of Canada raised its rating of Coupa Software from “underperform” to “sector perform” in a report made public on December 12.

In addition, they increased the price target they had set for the stock from £55.00 to £80.00, moving it up from its previous price of £81.00. William Blair lowered its recommendation on Coupa Software in a research note published on December 12. The recommendation went from “outperform” to “market perform.” Wells Fargo & Company revealed in a research note published on Tuesday, December 13, that they would increase their price objective on Coupa Software from £65.00 to £80.00.

Three equity research experts recommend selling the stock, five analysts recommend purchasing the stock, and fourteen analysts simply recommend holding onto the stock. According to information from Bloomberg, the stock is currently rated “Hold,” Analysts anticipate it will reach an average price of £79.06 per share.
On Friday, trading began under the label NASDAQ: COUP at an opening price of £80.97. The simple moving average for the past 200 trading days for the company is £69.12, and the simple moving average for the last 50 trading days is £80.32.

The company’s beta value and price-to-earnings ratio is 1.16, and the company’s P/E ratio is -18.11. The company’s total value, as measured by its market capitalization, is £6.12 billion. A debt-to-equity ratio comes in at 7.62; a current ratio at 1.78; a quick ratio at 1.78; and a current ratio at 1.78.

During trading, the price of Coupa Software went as low as £40.29 and as high as £130.97 within a single year.
Over the past few weeks, a number of hedge funds have made various adjustments to the positions they currently hold in COUP. Ellevest INC increased its holdings in Coupa Software by 114.1% during the final three months of 2018. During the specified period, Ellevest INC purchased 170 shares of stock in the technology company.

This brings the total number of shares that the company owns in this company to 319, which has a market value of £25,000. Sentry Investment Management LLC made a new investment of £43,000 in Coupa Software during the third quarter of 2018. During the third quarter of the financial year, Wipfli Financial Advisors LLC made a new investment in Coupa Software of £59,000.

The value of Quadrant Capital Group LLC’s holdings in Coupa Software increased by 104.4 percent over the final three months of 2018. Quadrant Capital Group LLC now holds 748 shares of the technology company’s stock after purchasing an additional 382 shares. The stock is valued at £59,000, and Quadrant Capital Group LLC has 748 shares.
And last but not least, during the last three months of 2018, Meeder Asset Management INC increased the amount of Coupa Software stock owned by 22,050.0%.

Meeder Asset Management INC now has 886 shares of the technology company’s stock after purchasing an additional 882 shares during the most recent period. The value of all 886 shares of the company’s stock is £70,000, and Meeder Asset Management INC Shares of the company are held by various types of institutional investors, including hedge funds, to 99.09% of the total. Using the web, mobile, and social media platforms, Quotient Technologies, INC’s digital marketing platform facilitates connections between businesses and their customers.

It also offers paperless coupons, coupon codes, various other types of sales and discounts, and coupons that can be printed out and redeemed online.

Steven R.

Is the one who came up with the concept for the company.

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