UBS AG reiterated their sell rating on shares of Groupon, Inc. (NASDAQ:GRPN) in a report issued on Thursday, www.flashratings.com reports. They currently have a $3.10 price target on the coupon company’s stock, up from their prior price target of $2.85.

A number of other analysts have also recently commented on GRPN. B. Riley upgraded shares of Groupon to a buy rating and set a $5.50 price target on the stock in a research note on Tuesday, July 4th. Credit Suisse Group restated a neutral rating on shares of Groupon in a research note on Thursday. BidaskClub upgraded shares of Groupon from a sell rating to a hold rating in a research note on Thursday. Cowen and Company restated a sell rating and set a $3.50 price target on shares of Groupon in a research note on Thursday. Finally, Barclays PLC restated an underweight rating and set a $3.85 price target (up from $3.40) on shares of Groupon in a research note on Thursday. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and an average target price of $4.59.

Groupon (NASDAQ GRPN) traded down 3.29% during midday trading on Thursday, hitting $4.12. 9,139,459 shares of the stock were exchanged. The firm’s market capitalization is $2.30 billion. The firm’s 50-day moving average price is $3.61 and its 200 day moving average price is $3.69. Groupon has a 1-year low of $2.90 and a 1-year high of $5.94.

Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.06. The company had revenue of $662.60 million for the quarter, compared to analysts’ expectations of $668.84 million. Groupon had a negative net margin of 4.16% and a negative return on equity of 13.08%. Groupon’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) EPS. Analysts expect that Groupon will post $0.12 earnings per share for the current fiscal year.

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In related news, General Counsel Dane A. Drobny sold 47,753 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $3.59, for a total transaction of $171,433.27. Following the transaction, the general counsel now owns 377,721 shares of the company’s stock, valued at approximately $1,356,018.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider James Sullivan sold 20,000 shares of the stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $3.55, for a total transaction of $71,000.00. Following the transaction, the insider now directly owns 339,120 shares in the company, valued at approximately $1,203,876. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 359,105 shares of company stock worth $1,129,243. 23.40% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Groupon during the fourth quarter valued at approximately $670,000. Norges Bank acquired a new position in Groupon during the fourth quarter valued at approximately $11,260,000. Teachers Advisors LLC raised its position in Groupon by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 4,261,167 shares of the coupon company’s stock valued at $14,147,000 after buying an additional 213,139 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Groupon during the fourth quarter valued at approximately $113,000. Finally, Creative Planning raised its position in Groupon by 9.8% in the first quarter. Creative Planning now owns 73,837 shares of the coupon company’s stock valued at $290,000 after buying an additional 6,580 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors.

About Groupon

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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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