Groupon Inc. (GRPN) PT Raised to $6.00 at Macquarie
Groupon Inc. (NASDAQ:GRPN) had its target price increased by equities research analysts at Macquarie from $5.30 to $6.00 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the coupon company’s stock. Macquarie’s price objective indicates a potential upside of 12.99% from the company’s current price.
GRPN has been the subject of several other reports. Loop Capital initiated coverage on Groupon in a report on Tuesday, September 13th. They set a “hold” rating and a $6.00 price objective for the company. Boenning Scattergood assumed coverage on Groupon in a research note on Thursday, September 29th. They issued a “neutral” rating for the company. Jefferies Group reaffirmed a “hold” rating and issued a $4.75 price target on shares of Groupon in a research note on Tuesday, August 23rd. JPMorgan Chase & Co. reaffirmed a “hold” rating and issued a $5.00 price target on shares of Groupon in a research note on Tuesday, September 27th. 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, twelve have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.53.
Groupon (NASDAQ:GRPN) opened at 5.31 on Tuesday. The company’s market cap is $3.05 billion. Groupon has a 12 month low of $2.15 and a 12 month high of $5.94. The company’s 50-day moving average is $5.32 and its 200 day moving average is $4.29.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. The firm earned $756.03 million during the quarter, compared to analysts’ expectations of $710.94 million. Groupon had a negative return on equity of 14.95% and a negative net margin of 5.71%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.02 EPS.
In other news, Director Peter J. Barris sold 730,349 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $5.69, for a total transaction of $4,155,685.81. Following the completion of the transaction, the director now directly owns 116,923 shares in the company, valued at $665,291.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian Stevens sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $5.54, for a total value of $83,100.00. Following the transaction, the chief accounting officer now owns 147,521 shares of the company’s stock, valued at $817,266.34. The disclosure for this sale can be found here. Insiders own 23.86% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Concourse Capital Management LLC acquired a new stake in shares of Groupon during the second quarter worth $104,000. M&T Bank Corp acquired a new stake in shares of Groupon during the first quarter worth $107,000. Jasper Ridge Partners L.P. acquired a new stake in shares of Groupon during the second quarter worth $108,000. Royal Bank of Canada increased its stake in shares of Groupon by 80.0% in the second quarter. Royal Bank of Canada now owns 33,375 shares of the coupon company’s stock worth $109,000 after buying an additional 14,829 shares during the last quarter. Finally, Invictus RG increased its stake in shares of Groupon by 79.9% in the first quarter. Invictus RG now owns 30,777 shares of the coupon company’s stock worth $123,000 after buying an additional 13,670 shares during the last quarter. Institutional investors own 54.60% of the company’s stock.
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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