Groupon, Inc. (NASDAQ:GRPN) had its price objective boosted by equities researchers at Barclays PLC from $3.85 to $4.40 in a research report issued to clients and investors on Thursday. The firm currently has an “underweight” rating on the coupon company’s stock.

A number of other equities analysts also recently commented on GRPN. Bank of America Corporation reiterated an “underperform” rating and set a $3.50 price objective on shares of Groupon in a research report on Friday, July 21st. Morgan Stanley reiterated an “underweight” rating and set a $3.20 price objective (down previously from $3.50) on shares of Groupon in a research report on Wednesday, July 26th. BidaskClub cut Groupon from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine cut Groupon from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, B. Riley reissued a “buy” rating and set a $5.50 target price on shares of Groupon in a research note on Thursday, August 3rd. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $4.79.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The firm had revenue of $634.46 million for the quarter, compared to the consensus estimate of $642.62 million. During the same quarter last year, the business posted ($0.01) earnings per share. The firm’s revenue was down 7.6% compared to the same quarter last year.

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In related news, Director Peter J. Barris sold 562,719 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $3.96, for a total transaction of $2,228,367.24. Following the completion of the transaction, the director now directly owns 168,887 shares of the company’s stock, valued at approximately $668,792.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Sullivan sold 25,000 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $4.90, for a total value of $122,500.00. Following the transaction, the insider now directly owns 353,524 shares of the company’s stock, valued at $1,732,267.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,872,719 shares of company stock valued at $12,375,267 over the last three months. 23.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GRPN. Karp Capital Management Corp acquired a new position in Groupon during the 1st quarter worth $108,000. Aperio Group LLC grew its stake in Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after purchasing an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Groupon during the 2nd quarter worth $116,000. Prudential Financial Inc. grew its stake in Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after purchasing an additional 19,408 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in Groupon during the 2nd quarter worth $122,000. 55.39% of the stock is owned by hedge funds and other 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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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