DA Davidson began coverage on shares of Groupon, Inc. (NASDAQ:GRPN) in a report released on Friday, Marketbeat reports. The firm issued a buy rating and a $5.00 target price on the coupon company’s stock.

A number of other equities research analysts have also issued reports on GRPN. UBS AG reduced their target price on Groupon from $3.65 to $2.85 and set a sell rating on the stock in a research note on Wednesday, May 31st. ValuEngine lowered Groupon from a hold rating to a sell rating in a research note on Friday, June 2nd. BidaskClub raised Groupon from a strong sell rating to a sell rating in a research note on Friday, June 16th. Cowen and Company reissued an underperform rating and set a $3.00 price target on shares of Groupon in a research note on Wednesday, June 28th. Finally, Piper Jaffray Companies reissued an overweight rating and set a $5.50 price target on shares of Groupon in a research note on Wednesday, June 28th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $4.70.

Groupon (NASDAQ:GRPN) last posted its earnings results on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $668.84 million. During the same quarter in the prior year, the company earned ($0.01) EPS. Groupon’s revenue was down 8.5% on a year-over-year basis.

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In related news, Director Peter J. Barris sold 562,719 shares of the stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $3.96, for a total value of $2,228,367.24. Following the completion of the sale, the director now directly owns 168,887 shares in the company, valued at approximately $668,792.52. The sale 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 stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $4.04, for a total value of $40,400.00. Following the completion of the sale, the chief accounting officer now owns 215,696 shares of the company’s stock, valued at $871,411.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,847,719 shares of company stock valued at $12,252,767. 23.40% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Groupon by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock valued at $124,620,000 after purchasing an additional 2,430,907 shares in the last quarter. First Trust Advisors LP increased its holdings in Groupon by 43.4% in the 2nd quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock valued at $62,685,000 after purchasing an additional 4,937,648 shares in the last quarter. State Street Corp increased its holdings in Groupon by 38.2% in the 2nd quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock valued at $33,898,000 after purchasing an additional 2,440,783 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Groupon by 4.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 4,800,000 shares of the coupon company’s stock valued at $18,432,000 after purchasing an additional 200,000 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in Groupon by 7.6% in the 2nd quarter. Teachers Advisors LLC now owns 4,592,475 shares of the coupon company’s stock valued at $17,635,000 after purchasing an additional 324,672 shares in the last quarter. 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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

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