Groupon Receives Outperform Rating from Sterne Agee (GRPN)
Groupon (NASDAQ:GRPN)‘s stock had its “outperform” rating reaffirmed by investment analysts at Sterne Agee in a note issued to investors on Friday, Analyst Ratings Network reports. They currently have a $11.85 target price on the stock, down from their previous target price of $12.00.
GRPN has been the subject of a number of other recent research reports. Analysts at Northland Securities raised their price target on shares of Groupon from $13.00 to $15.00 in a research note to investors on Thursday. Separately, 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. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $11.16.
In other Groupon news, Director Bradley Keywell sold 500,000 shares of Groupon stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $11.52, for a total transaction of $5,760,000.00. Following the completion of the transaction, the director now directly owns 24,455 shares of the company’s stock, valued at approximately $281,722. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Groupon (NASDAQ:GRPN) opened at 11.85 on Friday. Groupon has a 1-year low of $4.24 and a 1-year high of $12.76. The stock’s 50-day moving average is $10.28 and its 200-day moving average is $10.. The company’s market cap is $7.917 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.
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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