Coupang (CPNG) Expected to Announce Earnings on Tuesday

Coupang (NYSE:CPNG - Get Free Report) is projected to post its quarterly earnings results 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. Individual that wish to listen to the company's earnings conference call can do so using this link.

Coupang Trading Down 1.3 %

NYSE:CPNG traded down $0.34 on Friday, reaching $24.80. 7,699,497 shares of the company's stock were exchanged, compared to its average volume of 7,530,991. 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 capitalization of $44.60 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 53.01 and a beta of 1.11. The business has a fifty day moving average of $23.10 and a 200-day moving average of $23.79. Coupang has a 52-week low of $15.81 and a 52-week high of $26.91.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays boosted their price target on shares of Coupang from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Citigroup cut their price target on shares of Coupang from $31.00 to $28.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $27.78.

Insider Transactions at Coupang

In related news, VP Pranam Kolari sold 8,459 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $22.98, for a total value of $194,387.82. Following the completion of 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 SEC, which is available through this hyperlink. Corporate insiders own 13.60% 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.