The shares of Coupa Software Incorporated (NASDAQ:COUP) has been pegged with a rating of Buy by Needham in its latest research note that was published on March 12th, 2019. The research company has also assigned a $108 price target. Needham wasn’t the only research firm that published a report of Coupa Software Incorporated, with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on February 1st, 2019, to Buy the COUP stock while also putting a $96 price target. The stock had earned Buy rating from Loop Capital when it published its report on November 30th, 2018. The stock was given Market Perform rating by Northland Capital in its report released on September 11th, 2018. Needham was of a view that COUP is Buy in its latest report on September 5th, 2018 while giving it a price target of $83. Needham thinks that COUP is worth Buy rating. This was contained in the firm’s report on June 5th, 2018 in which the stock’s price target was also moved to $63.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $83.83. The price of the stock the last time has raised by 116.09% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 60.76.
The shares of the company added by 5.42% during the trading session on Thursday, reaching a low of $89.1934 while ending the day at $94.84. During the trading session, a total of 2.26 million shares were traded which represents a -55.65% decline from the average session volume which is 1.45M shares. COUP had ended its last session trading at 89.96. Coupa Software Incorporated currently has a market cap of $5.67B while its P/E earnings growth sits at 23.70. Coupa Software Incorporated debt-to-equity ratio currently stands at 0.55, while its quick ratio hovers at 1.40. COUP 52-week low price stands at $43.89 while its 52-week high price is $99.64.
The Coupa Software Incorporated generated $74.91 million in revenue during the last quarter, which is slightly higher than the $67.73 million predicted by analysts. In the second quarter last year, the firm recorded $0.08 earnings per share. Coupa Software Incorporated has the potential to record -0.85 EPS for the current fiscal year, according to equities analysts.
Investment analysts at UBS published a research note on February 20th, 2019 where it informed investors and clients that E*TRADE Financial Corporation (NASDAQ:ETFC) is now rated as Neutral. Their price target on the stock stands at $51. Goldman also rated ETFC as Resumed on February 1st, 2019, with its price target of $44 suggesting that ETFC could surge by 14.72% from its current share price. Even though the stock has been trading at $48.38/share, analysts expect it to surge higher by 1.07% to reach $57.34/share. It started the day trading at $48.93 and traded between $48.2293 and $48.90 throughout the trading session.
A look at its technical shows that ETFC’s 50-day SMA is 47.78 while its 200-day SMA stands at 53.54. The stock has a high of $66.46 for the year while the low is $40.41. The company’s P/E ratio currently sits at 12.58, while the P/B ratio is 2.10. At the moment, only of E*TRADE Financial Corporation shares were sold short. The company’s average trading volume currently stands at 2.92M shares, which means that the short-interest ratio is just 1.08 days. Over the past seven days, the company moved, with its shift of 3.54%. Looking further, the stock has raised 8.91% over the past 90 days while it lost -10.28% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more ETFC shares, increasing its portfolio by +1.12% during the last quarter. This move now sees The Vanguard Group Inc purchasing 314,365 shares in the last quarter, thus it now holds 28,389,013 shares of ETFC, with a total valuation of $1,390,777,747. PRIMECAP Management Co meanwhile bought more ETFC shares in the recently filed quarter, changing its stake to $653,317,168 worth of shares. BlackRock Fund Advisors followed the path by decreasing its ETFC portfolio by -4.26% in the quarter. This means that BlackRock Fund Advisors sold -551,923 shares in the last quarter and now controls 12,388,993 shares of the ETFC stock, with the valuation hitting $606,936,767.
Similarly, SSgA Funds Management Inc decreased its E*TRADE Financial Corporation shares by -5.43% during the recently filed quarter. After selling -616,832 shares in the last quarter, the firm now controls 10,751,385 shares of E*TRADE Financial Corporation which are valued at $526,710,351. In the same vein, TIAACREF Investment Management L increased its E*TRADE Financial Corporation shares by during the most recent reported quarter. The firm bought 2,333,196 shares during the quarter which increased its stakes to 5,464,296 shares and is now valued at $267,695,861. Following these latest developments, around 0.30% of E*TRADE Financial Corporation stocks are owned by institutional investors and hedge funds.