Groupon (GRPN) Given “Overweight” Rating by Piper Jaffray Companies Analysts

Groupon (NASDAQ:GRPN) had their “overweight” rating reaffirmed by Research analysts at Piper Jaffray Companies in a research report issued on Tuesday. They currently have a $6.25 target price on the coupon company’s stock. Piper Jaffray Companies’ target price points to a potential upside of 6.66% from the company’s current price.

Other analysts also recently issued reports about the company. DA Davidson reiterated a “buy” rating on shares of Groupon in a report on Thursday, November 30th. Wedbush reiterated a “positive” rating and set a $4.08 price target (down from $4.50) on shares of Groupon in a report on Wednesday, August 23rd. Vetr upgraded Groupon from a “strong sell” rating to a “sell” rating and set a $5.14 price target for the company in a report on Tuesday, November 7th. TheStreet upgraded Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Finally, B. Riley reiterated a “buy” rating and set a $6.30 price target on shares of Groupon in a report on Thursday, November 2nd. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.99.

Groupon (NASDAQ GRPN) traded up $0.05 during midday trading on Tuesday, reaching $5.86. The company had a trading volume of 6,890,800 shares, compared to its average volume of 8,642,082. Groupon has a 1-year low of $2.90 and a 1-year high of $5.99. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.86 and a quick ratio of 0.86.

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

In related news, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $5.29, for a total value of $132,250.00. Following the transaction, the insider now owns 350,919 shares of the company’s stock, valued at approximately $1,856,361.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $5.77, for a total transaction of $8,655,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,570,000 shares of company stock worth $9,023,950 in the last three months. Insiders own 23.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in GRPN. Aperio Group LLC lifted its position in shares of 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 buying an additional 1,268 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Groupon by 33.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,978,469 shares of the coupon company’s stock worth $7,598,000 after buying an additional 498,238 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Groupon by 24.9% during the 2nd quarter. SG Americas Securities LLC now owns 39,212 shares of the coupon company’s stock worth $151,000 after buying an additional 7,813 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Groupon by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,449,707 shares of the coupon company’s stock worth $5,567,000 after buying an additional 25,642 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Groupon by 234.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 51,877 shares of the coupon company’s stock worth $199,000 after buying an additional 36,388 shares in the last quarter. 60.04% of the stock is currently owned by institutional investors and hedge funds.

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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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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