Groupon, Inc. (GRPN) Raised to “Strong-Buy” at Vetr Inc.
Groupon, Inc. (NASDAQ:GRPN) was upgraded by analysts at Vetr from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday. The brokerage presently has a $6.58 price target on the coupon company’s stock. Vetr‘s target price would suggest a potential upside of 44.30% from the company’s previous close.
Several other research firms also recently commented on GRPN. B. Riley reaffirmed a “buy” rating and issued a $5.50 price objective on shares of Groupon in a research note on Thursday, August 3rd. DA Davidson started coverage on Groupon in a research note on Friday. They issued a “buy” rating and a $5.00 price objective on the stock. Morgan Stanley reaffirmed an “underweight” rating and issued a $3.20 price objective (down previously from $3.50) on shares of Groupon in a research note on Wednesday, July 26th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $5.50 price objective on shares of Groupon in a research note on Wednesday, June 28th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $3.85 price objective (up previously from $3.40) on shares of Groupon in a research note on Thursday, August 3rd. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $4.70.
Groupon (GRPN) opened at 4.56 on Monday. The stock’s market cap is $2.54 billion. Groupon has a 12-month low of $2.90 and a 12-month high of $5.45. The firm’s 50-day moving average price is $4.18 and its 200-day moving average price is $3.77.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The firm had revenue of $662.60 million for the quarter, compared to the consensus estimate of $668.84 million. During the same quarter last year, the company earned ($0.01) earnings per share. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities analysts predict that Groupon will post $0.12 EPS for the current fiscal year.
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In other news, Director Eric P. Lefkofsky sold 750,000 shares of Groupon stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $4.40, for a total value of $3,300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James Sullivan sold 25,000 shares of Groupon stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $3.96, for a total value of $99,000.00. Following the completion of the transaction, the insider now owns 343,353 shares of the company’s stock, valued at approximately $1,359,677.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,847,719 shares of company stock valued at $12,252,767. Company insiders own 23.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in GRPN. First Trust Advisors LP boosted its holdings in shares of Groupon by 43.4% in the 2nd quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock worth $62,685,000 after purchasing an additional 4,937,648 shares during the period. State Street Corp boosted its holdings in shares of Groupon by 38.2% in the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock worth $33,898,000 after purchasing an additional 2,440,783 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Groupon by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock worth $124,620,000 after purchasing an additional 2,430,907 shares during the period. Bogle Investment Management L P DE purchased a new position in shares of Groupon in the 1st quarter worth approximately $8,941,000. Finally, Crawford Lake Capital Management LLC purchased a new position in shares of Groupon in the 1st quarter worth approximately $7,033,000. Hedge funds and other institutional investors own 56.08% of the company’s stock.
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).
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