Groupon Sees Unusually High Options Volume (GRPN)
Shares of Groupon (NASDAQ:GRPN) saw some unusual options trading on Tuesday. Traders bought 30,847 put options on the company, Analyst Ratings.Net reports. This represents an increase of approximately 303% compared to the average volume of 7,660 put options.
A number of research firms have recently commented on GRPN. Analysts at Barrington Research upgraded shares of Groupon from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $9.84.
Groupon (NASDAQ:GRPN) traded down 4.58% during mid-day trading on Tuesday, hitting $10.525. 24,336,050 shares of the company’s stock traded hands. 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 $11.01 and its 200-day moving average is $8.38. The company’s market cap is $7.005 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ 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 $0.12 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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