Groupon Inc. (GRPN) Lowered to Buy at Vetr Inc.
Groupon Inc. (NASDAQ:GRPN) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday. They presently have a $4.30 price objective on the coupon company’s stock. Vetr‘s target price indicates a potential downside of 14.17% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research note on Wednesday, May 4th. Macquarie reiterated a “buy” rating on shares of Groupon in a research note on Sunday, April 17th. Maxim Group began coverage on shares of Groupon in a research note on Wednesday, June 22nd. They set a “buy” rating and a $5.00 price objective for the company. Brean Capital began coverage on shares of Groupon in a research note on Wednesday, June 22nd. They set a “buy” rating for the company. Finally, Piper Jaffray Cos. reiterated a “hold” rating and set a $4.00 price objective on shares of Groupon in a research note on Thursday, April 28th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Groupon has a consensus rating of “Hold” and an average target price of $6.53.
Shares of Groupon (NASDAQ:GRPN) traded up 2.24% during midday trading on Monday, reaching $5.01. The company’s stock had a trading volume of 4,210,482 shares. The stock has a 50-day moving average of $5.23 and a 200 day moving average of $4.34. Groupon has a 12-month low of $2.15 and a 12-month high of $5.94. The firm’s market capitalization is $2.88 billion.
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Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. Groupon had a negative net margin of 5.71% and a negative return on equity of 14.95%. The business had revenue of $756.03 million for the quarter, compared to analyst estimates of $710.94 million. During the same period in the previous year, the company earned $0.02 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis.
In other Groupon news, insider James Sullivan sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $5.81, for a total value of $116,200.00. Following the transaction, the insider now directly owns 299,778 shares in the company, valued at approximately $1,741,710.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian Stevens sold 15,000 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $5.54, for a total transaction of $83,100.00. Following the completion of the transaction, the chief accounting officer now owns 147,521 shares in the company, valued at $817,266.34. The disclosure for this sale can be found here. 23.86% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Alibaba Group Holding Ltd purchased a new position in Groupon during the fourth quarter valued at $101,224,000. Vanguard Group Inc. raised its position in Groupon by 0.3% in the second quarter. Vanguard Group Inc. now owns 28,272,685 shares of the coupon company’s stock valued at $91,887,000 after buying an additional 97,566 shares during the last quarter. Renaissance Technologies LLC raised its position in Groupon by 1.9% in the first quarter. Renaissance Technologies LLC now owns 12,645,900 shares of the coupon company’s stock valued at $50,457,000 after buying an additional 240,700 shares during the last quarter. First Trust Advisors LP raised its position in Groupon by 36.4% in the second quarter. First Trust Advisors LP now owns 11,161,721 shares of the coupon company’s stock valued at $36,276,000 after buying an additional 2,976,695 shares during the last quarter. Finally, LMM LLC raised its position in Groupon by 8.9% in the fourth quarter. LMM LLC now owns 9,307,700 shares of the coupon company’s stock valued at $28,575,000 after buying an additional 759,000 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces throughout the world that connect merchants to consumers by offering goods and services at a discount. The Company operates through three segments: North America, which represents the United States and Canada; EMEA, which consists of Europe, the Middle East and Africa, and international operations (Rest of World).
To view Vetr’s full report, visit Vetr’s official website.
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