Groupon, Inc. (NASDAQ:GRPN) Rating Reiterated by Barclays PLC
Groupon, Inc. (NASDAQ:GRPN)‘s stock had its “underweight” rating reaffirmed by analysts at Barclays PLC in a note issued to investors on Thursday. They presently have a $3.85 price target on the coupon company’s stock, up from their previous price target of $3.40. Barclays PLC’s price target points to a potential downside of 6.55% from the company’s current price.
A number of other research analysts also recently issued reports on the company. Vetr upgraded Groupon from a “buy” rating to a “strong-buy” rating and set a $4.39 price target on the stock in a research note on Wednesday, May 3rd. Jefferies Group LLC restated a “hold” rating on shares of Groupon in a research note on Monday, May 15th. Morgan Stanley downgraded Groupon from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $3.90 to $3.50 in a research note on Monday, April 24th. BidaskClub upgraded Groupon from a “strong sell” rating to a “sell” rating in a research note on Friday, June 16th. Finally, B. Riley upgraded Groupon from a “neutral” rating to a “buy” rating and raised their price target for the stock from $4.20 to $5.50 in a research note on Thursday, June 29th. Six investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.59.
Groupon (NASDAQ:GRPN) traded down 3.29% during midday trading on Thursday, hitting $4.12. The company had a trading volume of 9,139,459 shares. Groupon has a 12 month low of $2.90 and a 12 month high of $5.94. The firm has a 50-day moving average price of $3.61 and a 200-day moving average price of $3.69. The company’s market cap is $2.30 billion.
Groupon (NASDAQ:GRPN) last released its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.06. The firm had revenue of $662.60 million for the quarter, compared to the consensus estimate of $668.84 million. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS. Equities analysts anticipate that Groupon will post $0.12 EPS for the current year.
WARNING: This article was originally reported by Daily Political and is owned by of Daily Political. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://www.dailypolitical.com/2017/08/06/groupon-inc-nasdaqgrpn-rating-reiterated-by-barclays-plc.html.
In other news, insider James Sullivan sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $3.55, for a total value of $71,000.00. Following the completion of the sale, the insider now directly owns 339,120 shares of the company’s stock, valued at approximately $1,203,876. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter J. Barris sold 281,352 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $3.04, for a total value of $855,310.08. Following the completion of the sale, the director now directly owns 116,923 shares of the company’s stock, valued at $355,445.92. The disclosure for this sale can be found here. Insiders have sold a total of 359,105 shares of company stock valued at $1,129,243 over the last ninety days. 23.40% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of GRPN. Karp Capital Management Corp acquired a new stake in Groupon during the first quarter valued at approximately $108,000. Invictus RG boosted its stake in Groupon by 359.6% in the first quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock valued at $113,000 after buying an additional 22,520 shares in the last quarter. Aperio Group LLC boosted its stake in Groupon by 4.6% in the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after buying an additional 1,268 shares in the last quarter. FNY Managed Accounts LLC acquired a new stake in Groupon during the first quarter valued at approximately $117,000. Finally, SG Americas Securities LLC boosted its stake in Groupon by 6.8% in the first quarter. SG Americas Securities LLC now owns 31,399 shares of the coupon company’s stock valued at $123,000 after buying an additional 2,000 shares in the last quarter. 57.15% of the stock is owned by institutional investors and hedge funds.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around 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, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
Receive News & Ratings for Groupon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon Inc. and related companies with MarketBeat.com's FREE daily email newsletter.