Groupon, Inc. (GRPN) Receives Buy Rating from B. Riley
Groupon, Inc. (NASDAQ:GRPN)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a report issued on Tuesday. They currently have a $5.50 price target on the coupon company’s stock. B. Riley’s price objective would suggest a potential upside of 33.50% from the stock’s previous close.
Several other equities analysts have also issued reports on GRPN. Loop Capital reiterated a “hold” rating on shares of Groupon in a research note on Wednesday, April 19th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $6.50 price target on shares of Groupon in a research note on Saturday, April 22nd. Morgan Stanley lowered Groupon from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $3.90 to $3.50 in a research note on Monday, April 24th. Vetr lowered Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 price target on the stock. in a research note on Monday, May 1st. Finally, Maxim Group decreased their price target on Groupon from $5.50 to $4.25 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $4.59.
Groupon (GRPN) traded up 2.18% during trading on Tuesday, reaching $4.21. The company’s stock had a trading volume of 2,346,400 shares. The company’s 50 day moving average price is $3.61 and its 200-day moving average price is $3.69. Groupon has a 1-year low of $2.90 and a 1-year high of $5.94. The stock’s market cap is $2.35 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The company had revenue of $662.60 million for the quarter, compared to analyst estimates of $668.84 million. During the same quarter last year, the company posted ($0.01) EPS. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. Equities analysts forecast that Groupon will post $0.12 earnings per share for the current fiscal year.
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In other news, Director Peter J. Barris sold 281,352 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $3.04, for a total value of $855,310.08. Following the transaction, the director now directly owns 116,923 shares of the company’s stock, valued at approximately $355,445.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian Stevens sold 10,000 shares of the business’s stock in a transaction dated 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 directly owns 204,141 shares in the company, valued at $643,044.15. The disclosure for this sale can be found here. Insiders sold a total of 359,105 shares of company stock worth $1,129,243 over the last three months. 23.40% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its position in Groupon by 3.6% in the first quarter. Teacher Retirement System of Texas now owns 35,185 shares of the coupon company’s stock worth $138,000 after buying an additional 1,222 shares during the period. Aperio Group LLC increased its position in Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after buying an additional 1,268 shares during the period. Legal & General Group Plc increased its position in Groupon by 3.8% in the second quarter. Legal & General Group Plc now owns 37,848 shares of the coupon company’s stock worth $123,000 after buying an additional 1,369 shares during the period. SG Americas Securities LLC increased its position in Groupon by 6.8% in the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock worth $123,000 after buying an additional 2,000 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in Groupon by 8.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,640 shares of the coupon company’s stock worth $183,000 after buying an additional 3,465 shares during the period. 56.27% of the stock is currently owned by institutional investors.
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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