Groupon Given “Positive” Rating at Wells Fargo & Co. (GRPN)
Groupon (NASDAQ:GRPN)‘s stock had its “positive” rating reiterated by stock analysts at Wells Fargo & Co. in a report issued on Tuesday, American Banking News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee reiterated an “outperform” rating on shares of Groupon in a research note to investors on Friday, January 3rd. They now have a $11.85 price target on the stock, down previously from $12.00. Separately, 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, January 2nd. Finally, 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, January 2nd. They now have an “outperform” rating on the stock. Two investment 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. The stock presently has a consensus rating of “Hold” and an average target price of $11.02.
In other Groupon news, CEO Eric Lefkofsky unloaded 454,166 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $11.27, for a total value of $5,118,450.82. Following the completion of the transaction, the chief executive officer now directly owns 31,455 shares of the company’s stock, valued at approximately $354,498. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Groupon (NASDAQ:GRPN) traded up 3.00% on Tuesday, hitting $10.30. 3,565,069 shares of the company’s stock traded hands. 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 $11.11 and its 200-day moving average is $10.34. The company’s market cap is $6.882 billion.
Groupon (NASDAQ:GRPN) last released its earnings data 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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