Groupon Inc. (GRPN) Trading 2.9% Higher
Groupon Inc. (NASDAQ:GRPN)’s share price traded up 2.9% during trading on Thursday . The stock traded as high as $3.57 and last traded at $3.54, with a volume of 2,472,376 shares changing hands. The stock had previously closed at $3.44.
Several equities analysts recently commented on the stock. Bank of America Corp. reaffirmed a “sell” rating on shares of Groupon in a report on Saturday, April 30th. Macquarie reissued a “buy” rating on shares of Groupon in a report on Sunday, April 17th. B. Riley reissued a “neutral” rating and issued a $4.00 price target on shares of Groupon in a report on Friday, April 29th. Zacks Investment Research lowered shares of Groupon from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Finally, Royal Bank Of Canada lowered shares of Groupon from a “sector perform” rating to an “underperform” rating and cut their price target for the stock from $4.00 to $3.00 in a report on Monday, May 2nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.69.
The company’s market capitalization is $2.07 billion. The company has a 50 day moving average price of $3.35 and a 200 day moving average price of $3.55.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Thursday, April 28th. The coupon company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. The company earned $732 million during the quarter, compared to the consensus estimate of $717.59 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts anticipate that Groupon Inc. will post ($0.04) EPS for the current fiscal year.
In other Groupon news, Director Peter J. Barris sold 640,045 shares of the stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian Stevens sold 10,000 shares of the stock in a transaction dated Wednesday, June 1st. The stock was 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 in the company, valued at $410,095. 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 Groupon Inc. (NASDAQ:GRPN) by 3.0% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 as of its most recent filing with the SEC.
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).