Groupon (GRPN) Rating Lowered to Hold at BidaskClub
Groupon (NASDAQ:GRPN) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other equities analysts have also weighed in on the stock. Vetr upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.79 price objective on the stock in a report on Tuesday. Piper Jaffray Companies reiterated an “overweight” rating and set a $6.25 price target on shares of Groupon in a report on Tuesday. DA Davidson restated a “buy” rating on shares of Groupon in a report on Thursday, November 30th. Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “strong-buy” rating and set a $6.25 price objective on the stock in a report on Monday, November 6th. Finally, TheStreet upgraded shares of Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Groupon currently has a consensus rating of “Hold” and an average price target of $5.02.
Shares of Groupon (NASDAQ GRPN) traded down $0.03 during midday trading on Friday, reaching $5.28. 10,106,815 shares of the company traded hands, compared to its average volume of 7,869,653. Groupon has a fifty-two week low of $2.90 and a fifty-two week high of $5.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.
In other Groupon news, CAO Brian Stevens sold 20,000 shares of the 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 sale, the chief accounting officer now directly owns 222,354 shares in the company, valued at $1,269,641.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction on Thursday, December 7th. The stock was 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. Over the last quarter, insiders sold 1,570,000 shares of company stock worth $9,023,950. Company insiders own 23.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System bought a new stake in shares of Groupon during the third quarter worth $122,000. Aperio Group LLC increased its position in shares of Groupon by 4.6% during the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after acquiring an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Groupon during the second quarter worth $116,000. Prudential Financial Inc. increased its position in shares of Groupon by 157.7% during the second quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after acquiring an additional 19,408 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Groupon during the second quarter worth $122,000. 60.04% of the stock is owned by institutional investors.
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).
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