Groupon, Inc. (GRPN) Rating Reiterated by Wedbush
Groupon, Inc. (NASDAQ:GRPN)‘s stock had its “positive” rating reiterated by research analysts at Wedbush in a note issued to investors on Wednesday. They presently have a $4.08 target price on the coupon company’s stock, down from their previous target price of $4.50.
A number of other research analysts also recently commented on GRPN. Vetr downgraded Groupon from a “strong-buy” rating to a “buy” rating and set a $4.26 target price on the stock. in a research note on Monday, May 1st. Maxim Group lowered their target price on Groupon from $5.50 to $4.25 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Cowen and Company lowered their target price on Groupon from $4.00 to $3.00 and set an “underperform” rating on the stock in a research note on Thursday, May 4th. B. Riley restated a “neutral” rating and issued a $4.20 target price on shares of Groupon in a research note on Thursday, May 4th. Finally, Jefferies Group LLC restated a “hold” rating on shares of Groupon in a research note on Friday, May 5th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $4.57.
Shares of Groupon (GRPN) opened at 4.08 on Wednesday. Groupon has a one year low of $2.90 and a one year high of $5.65. The company has a 50-day moving average of $3.89 and a 200 day moving average of $3.74. The stock’s market capitalization is $2.27 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $662.60 million for the quarter, compared to the consensus estimate of $668.84 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. Groupon’s revenue for the quarter was down 8.5% compared to the same quarter last year. Equities research analysts forecast that Groupon will post $0.12 earnings per share for the current fiscal year.
In other Groupon news, CAO Brian Stevens sold 10,000 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $3.15, for a total value of $31,500.00. Following the transaction, the chief accounting officer now directly owns 204,141 shares in the company, valued at approximately $643,044.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter J. Barris sold 562,719 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $3.96, for a total value of $2,228,367.24. Following the completion of the transaction, the director now owns 168,887 shares in the company, valued at $668,792.52. The disclosure for this sale can be found here. Insiders sold a total of 879,071 shares of company stock worth $3,214,177 over the last quarter. Corporate insiders own 23.40% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. HRT Financial LLC raised its position in shares of Groupon by 50.8% in the first quarter. HRT Financial LLC now owns 51,080 shares of the coupon company’s stock worth $200,000 after buying an additional 17,204 shares during the last quarter. Swiss National Bank raised its position in shares of Groupon by 2.1% in the first quarter. Swiss National Bank now owns 708,866 shares of the coupon company’s stock worth $2,786,000 after buying an additional 14,800 shares during the last quarter. TLP Group LLC purchased a new position in shares of Groupon during the first quarter worth approximately $384,000. Wells Fargo & Company MN raised its position in shares of Groupon by 177.5% in the first quarter. Wells Fargo & Company MN now owns 510,797 shares of the coupon company’s stock worth $2,008,000 after buying an additional 326,756 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Groupon by 6.8% in the first quarter. Geode Capital Management LLC now owns 3,145,124 shares of the coupon company’s stock worth $12,360,000 after buying an additional 200,246 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company’s stock.
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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