Groupon PT Raised to $15.00 at Northland Securities (GRPN)
Northland Securities boosted their target price on shares of Groupon (NASDAQ:GRPN) from $13.00 to $15.00 in a research note issued on Thursday, AnalystRatings.NET reports. Northland Securities’ price objective points to a potential upside of 27.50% from the stock’s previous close.
A number of other firms have also recently commented on GRPN. Analysts at Northland Capital Partners raised their price target on shares of Groupon from $13.00 to $15.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Finally, 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. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the company’s stock. Groupon has an average rating of “Hold” and an average target price of $11.06.
In other Groupon news, Director Bradley Keywell sold 500,000 shares of Groupon stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $11.52, for a total transaction 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 legal filing with the SEC, 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’s 50-day moving average is $10. and its 200-day moving average is $9.98. The company’s market cap is $7.860 billion. Groupon also saw some unusual options trading on Monday. Stock investors purchased 11,268 put options on the stock. This is an increase of approximately 145% compared to the typical daily volume of 4,593 put options.
Groupon (NASDAQ:GRPN) last posted its quarterly 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 quarterly revenue was up 4.7% on a year-over-year basis. Analysts expect that Groupon will post $0.09 EPS 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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