Groupon Stock Rating Upgraded by Barrington Research (GRPN)
Groupon (NASDAQ:GRPN) was upgraded by equities research analysts at Barrington Research to an “outperform” rating in a research note issued to investors on Monday, Stock Ratings News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Stifel Nicolaus upgraded shares of Groupon from a “hold” rating to a “buy” rating in a research note to investors on Thursday, September 19th. They now have a $16.00 price target on the stock, down previously from $84.00. Separately, analysts at Morgan Stanley upgraded shares of Groupon 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. Finally, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Groupon in a research note to investors on Friday, August 16th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.84.
Groupon (NASDAQ:GRPN) traded down 2.97% during mid-day trading on Monday, hitting $11.11. The stock had a trading volume of 12,738,217 shares. Groupon has a 52-week low of $2.60 and a 52-week high of $12.76. The stock’s 50-day moving average is $10.97 and its 200-day moving average is $8.30. The company’s market cap is $7.394 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.
In other Groupon news, CFO Jason Child unloaded 40,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $11.98, for a total transaction of $479,200.00. Following the completion of the transaction, the chief financial officer now directly owns 300,778 shares of the company’s stock, valued at approximately $3,603,320. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.