Groupon Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:GRPN)
Shares of Groupon (NASDAQ:GRPN) have been given a consensus rating of “Hold” by the twenty-two ratings firms that are currently covering the company, ARN reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $8.36.
A number of analysts have recently weighed in on GRPN shares. Analysts at Zacks reiterated a “neutral” rating on shares of Groupon in a research note on Friday, August 8th. 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.
In other Groupon news, CEO Eric P. Lefkofsky sold 454,166 shares of Groupon stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $5.84, for a total value of $2,652,329.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Groupon (NASDAQ:GRPN) opened at 5.84 on Monday. Groupon has a 52-week low of $5.18 and a 52-week high of $12.76. The stock’s 50-day moving average is $6.3 and its 200-day moving average is $7.35. The company’s market cap is $3.909 billion. Groupon also saw a significant 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. Based on an average daily volume of 12,274,217 shares, the short-interest ratio is currently 6.9 days. Currently, 18.6% of the company’s stock are sold short.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results 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. Analysts expect that Groupon will post $0.08 EPS 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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