Groupon, Inc. (GRPN) Stock Rating Reaffirmed by Goldman Sachs Group, Inc. (The)
Groupon, Inc. (NASDAQ:GRPN)‘s stock had its “sell” rating reiterated by equities research analysts at Goldman Sachs Group, Inc. (The) in a report issued on Wednesday. They currently have a $4.70 price target on the coupon company’s stock. Goldman Sachs Group, Inc. (The)’s price target indicates a potential upside of 0.64% from the stock’s previous close.
A number of other equities analysts have also commented on the company. Vetr lowered Groupon from a “strong-buy” rating to a “buy” rating and set a $5.83 price target for the company. in a report on Wednesday, October 4th. DA Davidson started coverage on Groupon in a report on Friday, September 22nd. They issued a “buy” rating and a $5.00 price target for the company. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $5.50 price target on shares of Groupon in a report on Thursday, September 21st. Wedbush reaffirmed a “positive” rating and issued a $4.08 price target (down from $4.50) on shares of Groupon in a report on Wednesday, August 23rd. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $3.85 price target (up from $3.40) on shares of Groupon in a report on Wednesday, August 9th. Seven analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Groupon has a consensus rating of “Hold” and an average target price of $4.57.
Shares of Groupon (GRPN) traded down 0.535% on Wednesday, hitting $4.645. The stock had a trading volume of 2,493,309 shares. The company’s market capitalization is $2.58 billion. The company has a 50-day moving average of $4.60 and a 200 day moving average of $3.88. Groupon has a 52 week low of $2.90 and a 52 week high of $5.38.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 earnings per share for the quarter, beating 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 business had revenue of $662.60 million during the quarter, compared to analyst estimates of $668.84 million. During the same period in the prior year, the company earned ($0.01) earnings per share. Groupon’s revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts predict that Groupon will post $0.12 EPS for the current year.
In other Groupon news, Director Peter J. Barris sold 562,719 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $3.96, for a total transaction of $2,228,367.24. Following the sale, the director now owns 168,887 shares in the company, valued at $668,792.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $3.96, for a total value of $99,000.00. Following the sale, the insider now owns 343,353 shares in the company, valued at approximately $1,359,677.88. The disclosure for this sale can be found here. Insiders have sold 2,872,719 shares of company stock worth $12,375,267 in the last 90 days. Company insiders own 23.40% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Karp Capital Management Corp purchased a new stake in Groupon during the first quarter valued at about $108,000. Aperio Group LLC raised its position in Groupon by 4.6% during the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock valued at $111,000 after purchasing an additional 1,268 shares in the last quarter. Invictus RG raised its position in Groupon by 359.6% during the first quarter. Invictus RG now owns 28,782 shares of the coupon company’s stock valued at $113,000 after purchasing an additional 22,520 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Groupon during the second quarter valued at about $116,000. Finally, FNY Managed Accounts LLC purchased a new stake in Groupon during the first quarter valued at about $117,000. Institutional investors and hedge funds own 56.08% of the company’s stock.
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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