Coupang (NYSE:CPNG) Issues Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Coupang (NYSE:CPNG - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01), Zacks reports. Coupang had a net margin of 5.57% and a return on equity of 15.04%. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $6.95 billion. During the same period last year, the company earned $0.05 EPS. The firm's revenue for the quarter was up 22.6% on a year-over-year basis.

Coupang Trading Down 9.2 %

Coupang stock traded down $2.18 during midday trading on Wednesday, reaching $21.47. The stock had a trading volume of 35,062,975 shares, compared to its average volume of 13,416,854. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $19.91 and a 200 day moving average of $17.24. Coupang has a 52-week low of $13.51 and a 52-week high of $23.77. The firm has a market cap of $38.50 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 19.21 and a beta of 1.13.

Insider Transactions at Coupang

In related news, insider Harold Rogers sold 139,080 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $18.25, for a total value of $2,538,210.00. Following the transaction, the insider now owns 394,192 shares of the company's stock, valued at approximately $7,194,004. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Harold Rogers sold 139,080 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $18.25, for a total value of $2,538,210.00. Following the completion of the sale, the insider now owns 394,192 shares in the company, valued at $7,194,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Pranam Kolari sold 2,048 shares of the firm's stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total value of $45,752.32. Following the transaction, the insider now owns 187,951 shares in the company, valued at approximately $4,198,825.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,355,282 shares of company stock worth $633,457,030. 14.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CPNG has been the subject of several research analyst reports. TheStreet upgraded Coupang from a "d+" rating to a "c-" rating in a report on Tuesday, March 5th. Mizuho boosted their price target on shares of Coupang from $20.00 to $23.00 and gave the stock a "neutral" rating in a research report on Wednesday. Barclays increased their price objective on shares of Coupang from $24.00 to $25.00 and gave the company an "overweight" rating in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Coupang from a "hold" rating to a "buy" rating and boosted their target price for the stock from $18.50 to $21.00 in a report on Thursday, February 29th. Finally, Citigroup increased their price target on shares of Coupang from $26.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Coupang currently has a consensus rating of "Moderate Buy" and a consensus price target of $24.25.

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.