Groupon Inc. (GRPN) Reaches New 52-Week High at $5.58
Shares of Groupon Inc. (NASDAQ:GRPN) hit a new 52-week high during trading on Thursday . The company traded as high as $5.58 and last traded at $5.53, with a volume of 10,964,088 shares. The stock had previously closed at $5.33.
A number of analysts have recently commented on the stock. Vetr upgraded shares of Groupon from a “sell” rating to a “buy” rating and set a $4.20 price target for the company in a research note on Monday, July 18th. Jefferies Group reiterated a “hold” rating on shares of Groupon in a research note on Monday, July 11th. B. Riley reiterated a “neutral” rating and issued a $4.50 price target on shares of Groupon in a research note on Tuesday. Goldman Sachs Group Inc. lifted their price target on shares of Groupon from $4.10 to $4.40 and gave the stock a “neutral” rating in a research note on Thursday, July 28th. Finally, Credit Suisse Group AG reiterated a “neutral” rating and issued a $5.00 price target on shares of Groupon in a research note on Thursday, July 28th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.44.
The stock’s market cap is $3.27 billion. The firm’s 50-day moving average price is $3.80 and its 200-day moving average price is $3.72.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, July 27th. The coupon company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $756.03 million for the quarter, compared to analyst estimates of $710.94 million. Groupon’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 EPS. On average, equities analysts expect that Groupon Inc. will post ($0.01) EPS for the current fiscal year.
In other 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 sale, the chief accounting officer now owns 117,170 shares of the company’s stock, valued at approximately $410,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter J. Barris sold 640,045 shares of the firm’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 transaction of $2,060,944.90. Following the sale, 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 boosted 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 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 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.