Groupon Inc. (GRPN) Trading Up 2.3%
Groupon Inc. (NASDAQ:GRPN)’s share price was up 2.3% on Monday . The company 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.
A number of equities analysts recently weighed in on GRPN shares. Piper Jaffray Cos. raised shares of Groupon from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $4.00 to $6.00 in a report on Monday, July 18th. Evercore ISI reaffirmed a “hold” rating and set a $4.00 price objective on shares of Groupon in a report on Tuesday, July 26th. Maxim Group began coverage on shares of Groupon in a report on Wednesday, June 22nd. They set a “buy” rating and a $5.00 price objective on the stock. Vetr downgraded shares of Groupon from a “strong-buy” rating to a “hold” rating and set a $3.30 price objective on the stock. in a report on Monday, July 11th. Finally, Zacks Investment Research downgraded shares of Groupon from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.44.
The stock has a 50-day moving average of $3.61 and a 200 day moving average of $3.68. The stock’s market cap is $2.94 billion.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, July 27th. The coupon company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. The business earned $756.03 million during the quarter, compared to analysts’ expectations of $710.94 million. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 earnings per share. On average, equities analysts forecast that Groupon Inc. will post $0.00 EPS for the current fiscal year.
In related news, Director Peter J. Barris sold 640,045 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $3.22, for a total value of $2,060,944.90. Following the transaction, the director now directly owns 116,923 shares of the company’s stock, valued at approximately $376,492.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the chief accounting officer now directly 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 position in Groupon Inc. (NASDAQ:GRPN) by 3.0% during the fourth quarter, according to its most recent 13F filing with the 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 about 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).
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