Groupon, Inc. (NASDAQ:GRPN) had its price objective increased by equities researchers at Morgan Stanley from $3.40 to $3.60 in a research note issued on Thursday. The brokerage presently has an “underweight” rating on the coupon company’s stock.

Other research analysts have also issued research reports about the stock. B. Riley reissued a “buy” rating and set a $5.50 target price on shares of Groupon in a research report on Tuesday, August 8th. Citigroup Inc. boosted their target price on shares of Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a research report on Thursday. DA Davidson reissued a “buy” rating and set a $6.50 target price on shares of Groupon in a research report on Thursday. Vetr lowered shares of Groupon from a “strong-buy” rating to a “strong sell” rating and set a $3.68 target price for the company. in a research report on Thursday. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $6.25 target price (up previously from $5.50) on shares of Groupon in a research report on Wednesday. Seven research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Groupon currently has a consensus rating of “Hold” and a consensus target price of $4.79.

Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. The firm had revenue of $634.46 million during the quarter, compared to analyst estimates of $642.62 million. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. The business’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS.

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In other Groupon news, Director Peter J. Barris sold 562,719 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 168,887 shares in the company, valued at $668,792.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider James Sullivan sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $4.90, for a total transaction of $122,500.00. Following the completion of the transaction, the insider now owns 353,524 shares in the company, valued at $1,732,267.60. The disclosure for this sale can be found here. In the last three months, insiders sold 2,872,719 shares of company stock worth $12,375,267. 23.40% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in GRPN. Karp Capital Management Corp acquired a new position in Groupon in the first quarter valued at about $108,000. Aperio Group LLC boosted 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 valued at $111,000 after buying an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Groupon in the second quarter valued at about $116,000. Prudential Financial Inc. boosted its position in Groupon by 157.7% in the second quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after buying an additional 19,408 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in Groupon in the second quarter valued at about $122,000. Hedge funds and other institutional investors own 55.39% 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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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