Groupon Rating Lowered to Underperform at Zacks (GRPN)
Groupon (NASDAQ:GRPN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Monday, Analyst Ratings Network reports. They currently have a $6.70 target price on the stock. Zacks‘ price objective indicates a potential downside of 16.56% from the company’s current price.
GRPN has been the subject of a number of other recent research reports. Analysts at UBS AG cut their EPS estimates on shares of Groupon in a research note on Monday. They now have a “neutral” rating and a $8.75 price target on the stock. They previously had a $11.00 price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of Groupon from $16.00 to $12.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse downgraded shares of Groupon from a “neutral” rating to an “underperform” rating in a research note on Friday. They now have a $11.00 price target on the stock, down previously from $13.00. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $10.54.
In other Groupon news, Director Theodore Leonsis unloaded 19,750 shares of the stock on the open market in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.34, for a total transaction of $204,215.00. Following the completion of the sale, the director now directly owns 793,546 shares of the company’s stock, valued at approximately $8,205,266. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Groupon (NASDAQ:GRPN) traded down 1.12% on Monday, hitting $7.94. 33,111,976 shares of the company’s stock traded hands. Groupon has a one year low of $4.24 and a one year high of $12.76. The stock’s 50-day moving average is $10.73 and its 200-day moving average is $10.54. The company’s market cap is $5.270 billion.
Groupon (NASDAQ:GRPN) last announced its earnings results on Thursday, February 20th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.02. The company had revenue of $768.40 million for the quarter, compared to the consensus estimate of $718.04 million. On average, analysts predict that Groupon will post $0.12 earnings per share for the current fiscal year.
Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
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