Groupon Price Target Increased to $15.00 by Analysts at Northland Capital Partners (GRPN)
Northland Capital Partners hoisted their target price on shares of Groupon (NASDAQ:GRPN) from $13.00 to $15.00 in a research note issued on Thursday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Northland Capital Partners’ price objective suggests a potential upside of 27.50% from the stock’s previous close.
A number of other analysts have also recently weighed in on GRPN. Analysts at Northland Securities initiated coverage on shares of Groupon in a research note to investors on Wednesday, December 18th. They set an “outperform” rating and a $13.00 price target on the stock. Separately, analysts at Wells Fargo & Co. upgraded shares of Groupon from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, December 11th. They now have a $14.00 price target on the stock, up previously from $13.00. Finally, analysts at Morgan Stanley reiterated a “positive” rating on shares of Groupon in a research note to investors on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.97.
In other Groupon news, Director Bradley Keywell sold 500,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $11.52, for a total value of $5,760,000.00. Following the sale, the director now directly owns 24,455 shares in the company, valued at approximately $281,722. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Groupon (NASDAQ:GRPN) opened at 11.765 on Thursday. Groupon has a 52 week low of $4.24 and a 52 week high of $12.76. The stock has a 50-day moving average of $10. and a 200-day moving average of $9.98. The company’s market cap is $7.860 billion. Groupon also was the recipient of some unusual options trading on Monday. Stock traders bought 11,268 put options on the company. This represents an increase of 145% compared to the typical daily volume of 4,593 put options.
Groupon (NASDAQ:GRPN) last announced its earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters 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.
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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