Coupang (NYSE:CPNG) Releases Earnings Results, Misses Estimates By $0.01 EPS

Coupang (NYSE:CPNG) issued its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $6.95 billion. Coupang had a return on equity of 15.04% and a net margin of 5.57%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share.

Coupang Price Performance

NYSE CPNG traded down $2.10 on Wednesday, hitting $21.55. The company had a trading volume of 22,759,186 shares, compared to its average volume of 13,278,692. The company’s fifty day moving average price is $19.79 and its 200-day moving average price is $17.21. Coupang has a 12-month low of $13.51 and a 12-month high of $23.77. The company has a market capitalization of $38.65 billion, a PE ratio of 28.80, a PEG ratio of 19.21 and a beta of 1.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.14 and a quick ratio of 0.90.

Insider Transactions at Coupang

In related news, insider Pranam Kolari sold 2,048 shares of Coupang stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $22.34, for a total value of $45,752.32. Following the sale, the insider now directly owns 187,951 shares in the company, valued at approximately $4,198,825.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Pranam Kolari sold 2,048 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $22.34, for a total transaction of $45,752.32. Following the completion of the sale, the insider now owns 187,951 shares of the company’s stock, valued at $4,198,825.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Harold Rogers sold 139,080 shares of Coupang 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 transaction, the insider now owns 394,192 shares in the company, valued at approximately $7,194,004. The disclosure for this sale can be found here. Insiders sold 33,355,282 shares of company stock valued at $633,457,030 over the last 90 days. Corporate insiders own 14.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on CPNG shares. Bank of America began coverage on Coupang in a research note on Friday, May 3rd. They issued a “buy” rating and a $30.00 target price on the stock. TheStreet upgraded shares of Coupang from a “d+” rating to a “c-” rating in a research note on Tuesday, March 5th. Deutsche Bank Aktiengesellschaft raised shares of Coupang from a “hold” rating to a “buy” rating and lifted their price target for the company from $18.50 to $21.00 in a research note on Thursday, February 29th. Citigroup upgraded Coupang from a “neutral” rating to a “buy” rating and upped their target price for the stock from $19.00 to $26.00 in a report on Monday, April 15th. Finally, Mizuho lifted their price objective on Coupang from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $23.92.

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.