Groupon Inc. (GRPN) Trading 2.3% Higher
Groupon Inc. (NASDAQ:GRPN) shares traded up 2.3% during mid-day trading on Monday . The stock traded as high as $5.05 and last traded at $4.93, with a volume of 13,512,533 shares. The stock had previously closed at $4.82.
Several research analysts have issued reports on the stock. Vetr cut shares of Groupon from a “strong-buy” rating to a “sell” rating and set a $4.66 target price on the stock. in a report on Monday. RBC Capital Markets reiterated an “underperform” rating and set a $4.00 target price (up from $3.00) on shares of Groupon in a report on Thursday. Jefferies Group increased their target price on shares of Groupon from $3.50 to $4.75 and gave the stock a “hold” rating in a report on Thursday. Wedbush increased their target price on shares of Groupon from $4.00 to $4.50 and gave the stock a “neutral” rating in a report on Thursday. Finally, Royal Bank Of Canada increased their target price on shares of Groupon from $3.00 to $4.00 and gave the stock an “underperform” rating in a report on Thursday. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Groupon currently has an average rating of “Hold” and an average price target of $6.41.
The company’s market cap is $2.87 billion. The stock’s 50 day moving average price is $3.50 and its 200-day moving average price is $3.63.
Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $756.03 million for the quarter, compared to analysts’ expectations of $710.94 million. During the same quarter in the previous year, the firm earned $0.02 EPS. Groupon’s revenue for the quarter was up 2.4% compared to the same quarter last year.
In other Groupon news, CAO Brian Stevens sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $3.50, for a total value of $35,000.00. Following the completion of the sale, the chief accounting officer now owns 117,170 shares in the company, valued at $410,095. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Peter J. Barris sold 640,045 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The shares were sold at an average price of $3.22, for a total value of $2,060,944.90. Following the completion of the sale, the director now owns 116,923 shares of the company’s stock, valued at approximately $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 boosted its position in shares of Groupon Inc. (NASDAQ:GRPN) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 about 0.10% of Groupon worth $1,949,000 at the end of the most recent reporting period.
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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