Groupon (GRPN) Stock Rating Upgraded by Vetr
Groupon (NASDAQ:GRPN) was upgraded by Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage presently has a $6.09 price target on the coupon company’s stock. Vetr‘s target price suggests a potential upside of 6.28% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. B. Riley reissued a “buy” rating and set a $5.50 target price on shares of Groupon in a research note on Tuesday, August 8th. DA Davidson reissued a “buy” rating on shares of Groupon in a research note on Thursday. Wedbush reissued a “positive” rating and set a $4.08 target price (down previously from $4.50) on shares of Groupon in a research note on Wednesday, August 23rd. 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 note on Wednesday, November 1st. Finally, TheStreet raised Groupon from a “d” rating to a “c-” rating in a research note on Thursday, November 2nd. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $4.99.
Groupon (NASDAQ GRPN) traded up $0.10 during mid-day trading on Monday, reaching $5.73. The company’s stock had a trading volume of 10,748,687 shares, compared to its average volume of 8,688,717. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. Groupon has a one year low of $2.90 and a one year high of $5.99.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $4.39, for a total value of $6,585,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian Stevens sold 20,000 shares of Groupon stock in a transaction on Friday, November 24th. The shares were sold at an average price of $5.71, for a total value of $114,200.00. Following the completion of the transaction, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at $1,269,641.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,320,000 shares of company stock valued at $10,253,950. Company insiders own 23.40% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in GRPN. Aperio Group LLC boosted its holdings 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 purchasing an additional 1,268 shares during the period. NJ State Employees Deferred Compensation Plan purchased a new position in Groupon in the second quarter valued at $461,000. State of New Jersey Common Pension Fund D boosted its holdings in Groupon by 4.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 4,800,000 shares of the coupon company’s stock valued at $18,432,000 after purchasing an additional 200,000 shares during the period. Global X Management Co. LLC boosted its holdings in Groupon by 46.7% in the second quarter. Global X Management Co. LLC now owns 481,835 shares of the coupon company’s stock valued at $1,850,000 after purchasing an additional 153,414 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Groupon by 33.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,978,469 shares of the coupon company’s stock valued at $7,598,000 after purchasing an additional 498,238 shares during the period. Hedge funds and other institutional investors own 60.04% of the company’s stock.
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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).
To view Vetr’s full report, visit Vetr’s official website.
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