Groupon Inc. (GRPN) Shares Down 3.7%
Groupon Inc. (NASDAQ:GRPN)’s share price traded down 3.7% on Friday . The company traded as low as $5.54 and last traded at $5.67, with a volume of 8,538,397 shares changing hands. The stock had previously closed at $5.89.
A number of equities analysts have recently weighed in on the stock. Macquarie reissued a “buy” rating on shares of Groupon in a research report on Sunday, April 17th. Bank of America Corp. restated a “sell” rating on shares of Groupon in a report on Saturday, April 30th. B. Riley restated a “neutral” rating and issued a $4.00 target price on shares of Groupon in a report on Friday, April 29th. Zacks Investment Research downgraded shares of Groupon from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Finally, Royal Bank Of Canada boosted their target price on shares of Groupon from $3.00 to $4.00 and gave the company an “underperform” rating in a report on Thursday, July 28th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. Groupon presently has an average rating of “Hold” and an average price target of $6.56.
The stock’s 50 day moving average is $4.09 and its 200-day moving average is $3.81. The company’s market cap is $3.29 billion.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $756.03 million for the quarter, compared to the consensus estimate of $710.94 million. During the same period in the previous year, the business posted $0.02 EPS. Groupon’s revenue was up 2.4% compared to the same quarter last year. Equities analysts predict 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 firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $3.50, for a total transaction of $35,000.00. Following the transaction, the chief accounting officer now owns 117,170 shares of the company’s stock, valued at $410,095. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter J. Barris sold 640,045 shares of the firm’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 transaction of $2,060,944.90. Following the transaction, the director now directly owns 116,923 shares in the company, valued at approximately $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 raised its stake in shares of Groupon Inc. (NASDAQ:GRPN) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.
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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