Groupon, Inc. (GRPN) Rating Reiterated by DA Davidson
Groupon, Inc. (NASDAQ:GRPN)‘s stock had its “buy” rating restated by DA Davidson in a research note issued to investors on Thursday, The Fly reports.
GRPN has been the subject of a number of other research reports. Gabelli assumed coverage on shares of Groupon in a report on Tuesday, October 17th. They set a “buy” rating and a $7.00 target price for the company. BidaskClub lowered shares of Groupon from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barclays PLC reaffirmed an “underweight” rating and set a $3.85 target price (up previously from $3.40) on shares of Groupon in a report on Wednesday, August 9th. Cowen and Company reaffirmed a “sell” rating and set a $3.50 target price on shares of Groupon in a report on Thursday, August 3rd. Finally, B. Riley reaffirmed a “buy” rating and set a $5.50 target price on shares of Groupon in a report on Tuesday, August 8th. Seven 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. Groupon has an average rating of “Hold” and an average target price of $4.64.
Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, November 1st. The coupon company reported $0.01 EPS for the quarter. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. The firm had revenue of $634.46 million during the quarter, compared to analyst estimates of $642.62 million. During the same quarter in the previous year, the business earned ($0.01) EPS. The business’s quarterly revenue was down 7.6% compared to the same quarter last year.
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In other Groupon news, CAO Brian Stevens sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $4.04, for a total transaction of $40,400.00. Following the sale, the chief accounting officer now directly owns 215,696 shares of the company’s stock, valued at approximately $871,411.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider James Sullivan sold 25,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $3.96, for a total transaction of $99,000.00. Following the sale, the insider now directly owns 343,353 shares in the company, valued at $1,359,677.88. The disclosure for this sale can be found here. Insiders have sold a total of 2,872,719 shares of company stock worth $12,375,267 over the last three months. Insiders own 23.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. J. Goldman & Company raised its holdings in shares of Groupon by 102.4% in the 3rd quarter. J. Goldman & Company now owns 8,480 shares of the coupon company’s stock valued at $28,000 after purchasing an additional 4,291 shares during the period. First Midwest Bank Trust Division bought a new stake in shares of Groupon in the 3rd quarter valued at about $103,000. New York State Teachers Retirement System bought a new stake in shares of Groupon in the 3rd quarter valued at about $122,000. M&T Bank Corp bought a new stake in shares of Groupon in the 1st quarter valued at about $107,000. Finally, Karp Capital Management Corp bought a new stake in shares of Groupon in the 1st quarter valued at about $108,000. 55.39% of the stock is currently owned by institutional investors.
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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