Groupon Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:GRPN)
Groupon (NASDAQ:GRPN) has received an average recommendation of “Hold” from the twenty-two analysts that are currently covering the stock, Stock Ratings News reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $8.36.
Groupon (NASDAQ:GRPN) opened at 5.96 on Monday. 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 $6.43 and a 200-day moving average of $7.49. The company’s market cap is $3.989 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 23.5% on a year-over-year basis. Analysts expect that Groupon will post $0.08 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Groupon in a research note on Friday. They now have a $6.25 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Groupon in a research note on Wednesday, August 6th. They now have a $6.50 price target on the stock, down previously from $10.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Groupon in a research note on Wednesday, August 6th. They now have a $7.00 price target on the stock, down previously from $8.00.
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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