Groupon Sees Unusually Large Options Volume (GRPN)
Shares of Groupon (NASDAQ:GRPN) saw unusually large options trading activity on Thursday. Stock investors acquired 45,847 call options on the company, AnalystRatings.Net reports. This is an increase of approximately 213% compared to the average daily volume of 14,650 call options.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley upgraded shares of Groupon (NASDAQ:GRPN) from an “equal weight” rating to an “overweight” rating in a research note to investors on Thursday, September 5th. They now have a $14.00 price target on the stock, up previously from $11.00. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Groupon (NASDAQ:GRPN) in a research note to investors on Friday, August 16th. Finally, analysts at Credit Suisse raised their price target on shares of Groupon (NASDAQ:GRPN) from $6.50 to $9.00 in a research note to investors on Friday, August 9th. They now have a “neutral” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and five have issued a buy rating to the stock. Groupon currently has a consensus rating of “Hold” and an average target price of $9.51.
Groupon (NASDAQ:GRPN) traded up 1.95% on Thursday, hitting $11.755. 31,713,760 shares of the company’s stock traded hands. Groupon has a 1-year low of $2.60 and a 1-year high of $11.55. The stock’s 50-day moving average is $9.83 and its 200-day moving average is $7.54. The company’s market cap is $7.823 billion.
Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $608.70 million for the quarter, compared to the consensus estimate of $606.23 million. During the same quarter last year, the company posted $0.04 earnings per share. Groupon’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Groupon will post $0.13 earnings per share for the current fiscal year.
Groupon, Inc offers online retail services. The Company provides daily deal on the stuff to do, eat, see and buy in more than 500 markets in 44 countries.
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