Groupon Inc (NASDAQ:GRPN) – Stock analysts at DA Davidson issued their FY2022 EPS estimates for shares of Groupon in a note issued to investors on Wednesday. DA Davidson analyst T. Forte expects that the coupon company will post earnings of $0.14 per share for the year. DA Davidson currently has a “Buy” rating on the stock.
GRPN has been the topic of several other research reports. BidaskClub lowered shares of Groupon from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Citigroup lifted their target price on shares of Groupon from $5.00 to $5.50 and gave the company a “neutral” rating in a report on Thursday, November 2nd. 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 on the stock. Zacks Investment Research lowered shares of Groupon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, TheStreet upgraded shares of Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Groupon has a consensus rating of “Hold” and a consensus price target of $5.06.
Several large investors have recently made changes to their positions in GRPN. Ameritas Investment Partners Inc. bought a new stake in shares of Groupon during the 2nd quarter valued at about $116,000. ProShare Advisors LLC bought a new stake in shares of Groupon during the 2nd quarter valued at about $122,000. Prudential Financial Inc. grew its position in shares of Groupon by 157.7% during the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after buying an additional 19,408 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Groupon during the 3rd quarter valued at about $122,000. Finally, US Bancorp DE bought a new stake in shares of Groupon during the 4th quarter valued at about $133,000. 59.54% of the stock is owned by institutional investors and hedge funds.
In other news, CAO Brian Stevens sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 222,354 shares of the company’s stock, valued at approximately $1,269,641.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the business’s stock in a transaction dated 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. Insiders sold a total of 1,545,000 shares of company stock valued at $8,901,450 in the last three months. Insiders own 23.40% of the company’s stock.
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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