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Groupon (NASDAQ:GRPN) was downgraded by equities research analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. They currently have a $11.00 target price on the stock, down from their previous target price of $122.00. Goldman Sachs Group Inc.’s price objective indicates a potential upside of 25.71% from the stock’s previous close. The analysts noted that the move was a valuation call.

In other Groupon news, Director Theodore Leonsis unloaded 150,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.66, for a total transaction of $1,599,000.00. Following the completion of the sale, the director now directly owns 793,546 shares of the company’s stock, valued at approximately $8,459,200. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of Groupon (NASDAQ:GRPN) traded down 3.31% on Monday, hitting $8.75. 32,270,388 shares of the company’s stock traded hands. Groupon has a one year low of $3.70 and a one year high of $12.76. The stock’s 50-day moving average is $9.99 and its 200-day moving average is $9.42. The company’s market cap is $5.846 billion.

Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.01. The company had revenue of $595.10 million for the quarter, compared to the consensus estimate of $615.69 million. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Groupon will post $0.09 earnings per share for the current fiscal year.

GRPN has been the subject of a number of other recent research reports. Analysts at Sterne Agee reiterated a “buy” rating on shares of Groupon in a research note to investors on Wednesday, November 20th. They now have a $9.82 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Groupon from $10.00 to $11.00 in a research note to investors on Friday, November 8th. They now have a “sector perform” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Groupon from $10.00 to $11.00 in a research note to investors on Friday, November 8th. They now have a “neutral” rating on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.65.

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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