Brokerages Set Groupon, Inc. (GRPN) PT at $4.44
Groupon, Inc. (NASDAQ:GRPN) has been given an average recommendation of “Hold” by the twenty-three analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.44.
A number of research analysts recently issued reports on the company. UBS AG lowered their target price on Groupon from $3.65 to $2.85 and set a “sell” rating on the stock in a report on Wednesday, May 31st. B. Riley raised Groupon to a “buy” rating and set a $5.50 target price on the stock in a report on Tuesday, July 4th. BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Barclays PLC reissued an “underweight” rating and issued a $3.85 price target (up previously from $3.40) on shares of Groupon in a research note on Wednesday, August 9th. Finally, Cowen and Company reissued a “sell” rating and issued a $3.50 price target on shares of Groupon in a research note on Thursday, August 3rd.
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In other news, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $3.96, for a total transaction of $99,000.00. Following the completion of the sale, the insider now directly owns 343,353 shares in the company, valued at approximately $1,359,677.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Brian Stevens sold 10,000 shares of Groupon stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $3.15, for a total value of $31,500.00. Following the sale, the chief accounting officer now owns 204,141 shares of the company’s stock, valued at $643,044.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 879,071 shares of company stock valued at $3,214,177. 23.40% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the stock. Karp Capital Management Corp purchased a new stake in shares of Groupon during the first quarter valued at about $108,000. Invictus RG raised its stake in shares of Groupon by 359.6% in the first quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock valued at $113,000 after buying an additional 22,520 shares in the last quarter. Aperio Group LLC raised its stake in shares of Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after buying an additional 1,268 shares in the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of Groupon during the first quarter valued at about $117,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Groupon during the second quarter valued at about $116,000. Institutional investors and hedge funds own 57.64% of the company’s stock.
Shares of Groupon (NASDAQ:GRPN) traded up 2.26% during midday trading on Friday, reaching $4.08. 4,499,632 shares of the company were exchanged. The company’s market capitalization is $2.27 billion. The firm’s 50 day moving average is $3.89 and its 200-day moving average is $3.74. Groupon has a 52-week low of $2.90 and a 52-week high of $5.65.
Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. The firm had revenue of $662.60 million for the quarter, compared to analyst estimates of $668.84 million. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. Groupon’s revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. On average, equities analysts forecast that Groupon will post $0.12 earnings per share for the current fiscal year.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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