Groupon Inc. (NASDAQ:GRPN) dropped 3.1% during trading on Wednesday . The company traded as low as $3.76 and last traded at $3.79, with a volume of 5,043,576 shares changing hands. The stock had previously closed at $3.91.

GRPN has been the topic of a number of recent analyst reports. Vetr cut shares of Groupon from a “strong-buy” rating to a “buy” rating and set a $5.12 price target on the stock. in a report on Tuesday, April 26th. Macquarie increased their price target on shares of Groupon from $3.50 to $5.00 and gave the company an “outperform” rating in a report on Friday, April 15th. Jefferies Group reiterated a “hold” rating on shares of Groupon in a report on Monday, July 11th. Brean Capital initiated coverage on shares of Groupon in a report on Wednesday, June 22nd. They set a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of Groupon from a “hold” rating to a “buy” rating and set a $3.75 price target on the stock in a report on Wednesday, May 4th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.26.

The stock’s 50 day moving average price is $3.42 and its 200 day moving average price is $3.60. The company’s market cap is $2.19 billion.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, July 27th. The coupon company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business earned $756.03 million during the quarter, compared to analysts’ expectations of $710.94 million. During the same period last year, the company earned $0.02 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Analysts predict that Groupon Inc. will post ($0.04) earnings per share for the current year.

In other news, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $3.50, for a total value of $35,000.00. Following the sale, the chief accounting officer now directly owns 117,170 shares of the company’s stock, valued at approximately $410,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Peter J. Barris sold 640,045 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 116,923 shares in the company, valued at $376,492.06. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Groupon stock. Swiss National Bank raised its stake in shares of Groupon Inc. (NASDAQ:GRPN) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 634,766 shares of the coupon company’s stock after buying an additional 18,400 shares during the period. Swiss National Bank owned approximately 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).

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