Groupon Inc. (GRPN) Trading Down 2.5%
Groupon Inc. (NASDAQ:GRPN)’s share price fell 2.5% during mid-day trading on Friday . The stock traded as low as $3.47 and last traded at $3.48, with a volume of 2,193,430 shares changing hands. The stock had previously closed at $3.57.
Several brokerages recently issued reports on GRPN. Jefferies Group restated a “hold” rating on shares of Groupon in a research note on Monday, July 11th. B. Riley restated a “neutral” rating and set a $4.00 price target on shares of Groupon in a research note on Friday, April 29th. Bank of America Corp. restated a “sell” rating on shares of Groupon in a research note on Saturday, April 30th. Maxim Group began coverage on Groupon in a research note on Wednesday, June 22nd. They set a “buy” rating and a $5.00 price target on the stock. Finally, Morgan Stanley restated a “hold” rating and set a $3.00 price target on shares of Groupon in a research note on Friday, April 29th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $6.69.
The firm’s market capitalization is $2.02 billion. The company’s 50 day moving average is $3.35 and its 200 day moving average is $3.56.
Groupon (NASDAQ:GRPN) last announced its earnings results on Thursday, April 28th. The coupon company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. During the same period in the prior year, the business posted $0.03 earnings per share. The business had revenue of $732 million for the quarter, compared to the consensus estimate of $717.59 million. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities analysts forecast that Groupon Inc. will post ($0.04) earnings per share for the current fiscal year.
In related news, Director Peter J. Barris sold 640,045 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $3.22, for a total transaction of $2,060,944.90. Following the sale, the director now owns 116,923 shares in the company, valued at approximately $376,492.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian Stevens sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $3.50, for a total transaction of $35,000.00. Following the sale, the chief accounting officer now owns 117,170 shares in the company, valued at approximately $410,095. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Groupon stock. Swiss National Bank boosted its stake in Groupon Inc. (NASDAQ:GRPN) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 634,766 shares of the coupon company’s stock after buying an additional 18,400 shares during the period. Swiss National Bank owned 0.10% of Groupon worth $1,949,000 at the end of the most recent quarter.
Groupon, Inc operates online local commerce marketplaces throughout 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, the Middle East and Africa, and international operations (Rest of World).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.