Wunderlich Downgrades Groupon to Hold (GRPN)
Groupon (NASDAQ:GRPN) was downgraded by research analysts at Wunderlich from a “buy” rating to a “hold” rating in a report released on Wednesday. They currently have a $6.00 price objective on the stock, down from their previous price objective of $10.00. Wunderlich’s price target points to a potential downside of 15.12% from the company’s current price.
Shares of Groupon (NASDAQ:GRPN) opened at 7.069 on Wednesday. Groupon has a 1-year low of $5.18 and a 1-year high of $12.76. The stock has a 50-day moving average of $6.4 and a 200-day moving average of $7.52. The company’s market cap is $4.822 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $751.60 million for the quarter, compared to the consensus estimate of $762.07 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. On average, analysts predict that Groupon will post $0.10 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GRPN. Analysts at Piper Jaffray cut their price target on shares of Groupon from $16.00 to $10.00 in a research note on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Evercore Partners cut their price target on shares of Groupon to $5.50 in a research note on Wednesday. They now have an “equal weight” rating on the stock. Finally, analysts at ISI Group initiated coverage on shares of Groupon in a research note on Tuesday, July 8th. They set a “buy” rating and a $9.50 price target on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $9.35.
Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.