Coupang, Inc. (NYSE:CPNG) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Coupang, Inc. has received a consensus rating of "Moderate Buy" from analysts, with an average 12-month price target of $31.14.
• The company's stock opened at $32.45, with a 52-week range of $19.02 to $32.89, reflecting strong market interest.
• Coupang's recent quarterly earnings report showed a revenue increase of 16.4% year-over-year, although it missed EPS estimates by $0.05.

Shares of Coupang, Inc. (NYSE:CPNG - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.1429.

CPNG has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on shares of Coupang from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 20th. Wall Street Zen downgraded shares of Coupang from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Nomura upgraded shares of Coupang from a "neutral" rating to a "buy" rating and set a $35.00 target price for the company in a research report on Wednesday, August 6th. Nomura Securities upgraded shares of Coupang to a "strong-buy" rating in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Coupang from a "buy" rating to a "hold" rating and set a $27.00 target price for the company. in a research report on Wednesday, August 6th.

Coupang Stock Performance

Coupang stock opened at $32.45 on Monday. The company has a 50 day moving average price of $29.62 and a 200 day moving average price of $26.68. Coupang has a 52 week low of $19.02 and a 52 week high of $32.89. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 1.09. The firm has a market capitalization of $59.16 billion, a price-to-earnings ratio of 162.26 and a beta of 1.15.

Coupang (NYSE:CPNG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). Coupang had a return on equity of 7.47% and a net margin of 1.13%.The firm had revenue of $8.52 billion during the quarter, compared to analyst estimates of $8.34 billion. During the same period in the prior year, the business posted $0.07 EPS. The company's revenue for the quarter was up 16.4% on a year-over-year basis. Research analysts forecast that Coupang will post 0.17 EPS for the current year.

Insider Buying and Selling

In other Coupang news, insider Harold Rogers sold 64,755 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $32.06, for a total value of $2,076,045.30. Following the completion of the sale, the insider owned 449,569 shares in the company, valued at $14,413,182.14. This represents a 12.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pedro Franceschi sold 21,428 shares of the firm's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $32.05, for a total transaction of $686,767.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 988,983 shares of company stock worth $31,203,966. Insiders own 12.78% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SVB Wealth LLC bought a new position in shares of Coupang during the 1st quarter valued at $28,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Coupang during the 1st quarter valued at $30,000. Albion Financial Group UT bought a new position in shares of Coupang during the 2nd quarter valued at $30,000. Grove Bank & Trust bought a new position in shares of Coupang during the 1st quarter valued at $33,000. Finally, Brooklyn Investment Group raised its holdings in shares of Coupang by 43.1% during the 1st quarter. Brooklyn Investment Group now owns 1,680 shares of the company's stock valued at $37,000 after purchasing an additional 506 shares in the last quarter. Institutional investors own 83.72% of the company's stock.

About Coupang

Coupang, Inc, together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services.

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