Coupang (CPNG) to Release Earnings on Tuesday

Coupang (NYSE:CPNG) is expected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect Coupang to post earnings of $0.01 per share and revenue of $8.14 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Coupang Stock Performance

Shares of CPNG stock opened at $24.80 on Friday. The company’s fifty day simple moving average is $23.10 and its 200-day simple moving average is $23.82. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.28. The firm has a market cap of $44.60 billion, a PE ratio of 43.50, a P/E/G ratio of 52.20 and a beta of 1.11. Coupang has a 12 month low of $15.81 and a 12 month high of $26.91.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CPNG. Citigroup cut their price objective on shares of Coupang from $31.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Barclays upped their price target on shares of Coupang from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Coupang currently has an average rating of “Moderate Buy” and an average target price of $27.78.

Insiders Place Their Bets

In other news, VP Pranam Kolari sold 8,459 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $22.98, for a total value of $194,387.82. Following the transaction, the vice president now directly owns 136,806 shares of the company’s stock, valued at $3,143,801.88. This represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.60% of the company’s stock.

Coupang Company Profile

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.