Short Interest in Groupon Drops By 4.0% (GRPN)
Groupon (NASDAQ:GRPN) saw a large drop in short interest in July. As of July 31st, there was short interest totalling 84,837,914 shares, a drop of 4.0% from the July 15th total of 88,389,748 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 12,274,217 shares, the short-interest ratio is presently 6.9 days. Currently, 18.6% of the company’s stock are sold short.
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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Groupon currently has a consensus rating of “Hold” and an average price target of $8.36.
Shares of Groupon (NASDAQ:GRPN) opened at 6.02 on Tuesday. Groupon has a 52 week low of $5.18 and a 52 week high of $12.76. The stock has a 50-day moving average of $6.43 and a 200-day moving average of $7.40. The company’s market cap is $4.029 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 $0.08 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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