Groupon’s (GRPN) Hold Rating Reiterated at Royal Bank Of Canada
Groupon, Inc. (NASDAQ:GRPN)‘s stock had its “hold” rating reissued by Royal Bank Of Canada in a report issued on Friday. They currently have a $4.00 price target on the coupon company’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 4.17% from the stock’s current price.
Other equities research analysts also recently issued reports about the stock. B. Riley reaffirmed a “neutral” rating and set a $4.20 target price on shares of Groupon in a research note on Tuesday, May 9th. Loop Capital reaffirmed a “hold” rating on shares of Groupon in a research note on Wednesday, April 19th. Maxim Group cut their target price on shares of Groupon from $5.50 to $4.25 and set a “buy” rating on the stock in a research note on Thursday, May 4th. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th. Finally, Cowen and Company reaffirmed an “underperform” rating and set a $3.00 target price on shares of Groupon in a research note on Wednesday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $4.71.
Groupon (NASDAQ:GRPN) opened at 3.84 on Friday. The company’s market capitalization is $2.15 billion. The stock’s 50 day moving average is $3.24 and its 200-day moving average is $3.65. Groupon has a 1-year low of $2.90 and a 1-year high of $5.94.
Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, May 3rd. The coupon company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.06. Groupon had a negative net margin of 5.51% and a negative return on equity of 22.40%. The firm had revenue of $673.63 million for the quarter, compared to the consensus estimate of $721.93 million. During the same period in the prior year, the firm earned ($0.01) EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts expect that Groupon will post $0.10 earnings per share for the current fiscal year.
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In other news, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $3.15, for a total value of $31,500.00. Following the completion of the transaction, the chief accounting officer now owns 204,141 shares in the company, valued at approximately $643,044.15. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Peter J. Barris sold 281,352 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $3.04, for a total transaction of $855,310.08. Following the completion of the transaction, the director now owns 116,923 shares of the company’s stock, valued at approximately $355,445.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 359,105 shares of company stock valued at $1,129,243. Company insiders own 23.86% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. J. Goldman & Company boosted its stake in shares of Groupon by 102.4% in the third quarter. J. Goldman & Company now owns 8,480 shares of the coupon company’s stock worth $28,000 after buying an additional 4,291 shares in the last quarter. First Midwest Bank Trust Division acquired a new stake in shares of Groupon during the third quarter worth $103,000. M&T Bank Corp acquired a new stake in shares of Groupon during the first quarter worth $107,000. Karp Capital Management Corp acquired a new stake in shares of Groupon during the first quarter worth $108,000. Finally, Invictus RG boosted its stake in shares of Groupon by 359.6% in the first quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock worth $113,000 after buying an additional 22,520 shares in the last quarter. Institutional investors and hedge funds own 57.28% of the company’s stock.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around 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, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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