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.

Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $634.46 million during the quarter, compared to analysts’ expectations of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.01) earnings per share. equities research analysts anticipate that Groupon will post -0.02 earnings per share for the current fiscal year.

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.

TRADEMARK VIOLATION WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/04/groupon-grpn-stock-rating-upgraded-by-vetr.html.

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.

Analyst Recommendations for Groupon (NASDAQ:GRPN)

Receive News & Ratings for Groupon Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon Inc and related companies with MarketBeat.com's FREE daily email newsletter.