Groupon Inc. (NASDAQ:GRPN) rose 3.2% on Monday . The stock traded as high as $5.94 and last traded at $5.87, with a volume of 13,978,178 shares. The stock had previously closed at $5.69.

GRPN has been the subject of several research analyst reports. Macquarie restated a “buy” rating on shares of Groupon in a research note on Sunday, April 17th. Vetr cut Groupon from a “strong-buy” rating to a “buy” rating and set a $5.12 price objective for the company. in a research note on Tuesday, April 26th. Zacks Investment Research upgraded Groupon from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research note on Wednesday, May 4th. Maxim Group initiated coverage on Groupon in a research note on Wednesday, June 22nd. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Brean Capital assumed coverage on Groupon in a research note on Wednesday, June 22nd. They issued a “buy” rating for the company. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $6.48.

The firm’s market cap is $3.34 billion. The company’s 50 day moving average price is $4.02 and its 200-day moving average price is $3.80.

Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. During the same period in the previous year, the firm posted $0.02 earnings per share. The business had revenue of $756.03 million for the quarter, compared to analysts’ expectations of $710.94 million. The firm’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Groupon Inc. will post ($0.01) EPS for the current fiscal year.

In related news, CAO Brian Stevens sold 10,000 shares of the business’s stock in a transaction dated 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 directly owns 117,170 shares of the company’s stock, valued at $410,095. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter J. Barris sold 640,045 shares of the business’s stock in a transaction dated 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 directly owns 116,923 shares of the company’s stock, valued at $376,492.06. 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 shares of Groupon Inc. (NASDAQ:GRPN) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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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