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.

About Groupon

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).

The Fly

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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