Goldman Sachs Group upgraded shares of Groupon (NASDAQ:GRPN) from a sell rating to a neutral rating in a report released on Wednesday, MarketBeat reports. The firm currently has $5.40 target price on the coupon company’s stock.

Several other research firms have also recently commented on GRPN. Vetr cut shares of Groupon from a buy rating to a hold rating and set a $6.09 target price for the company. in a research report on Monday, December 11th. Piper Jaffray Companies reiterated an overweight rating and set a $6.25 price target on shares of Groupon in a research report on Tuesday, December 12th. DA Davidson restated a buy rating on shares of Groupon in a research report on Thursday, November 30th. Zacks Investment Research upgraded shares of Groupon from a hold rating to a strong-buy rating and set a $6.25 target price for the company in a research report on Monday, November 6th. Finally, TheStreet upgraded shares of Groupon from a d rating to a c- rating in a research report on Thursday, November 2nd. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $5.06.

Groupon (NASDAQ GRPN) traded up $0.46 on Wednesday, reaching $5.57. 18,870,901 shares of the company traded hands, compared to its average volume of 6,324,693. The firm has a market capitalization of $2,853.44, a price-to-earnings ratio of -37.13, a price-to-earnings-growth ratio of 26.89 and a beta of 1.57. Groupon has a 52-week low of $2.90 and a 52-week high of $5.99. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.99.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, November 1st. The coupon company reported $0.01 earnings per share for the quarter. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The firm had revenue of $634.46 million for the quarter, compared to analyst estimates of $642.62 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. Groupon’s quarterly revenue was down 7.6% on a year-over-year basis. equities analysts anticipate that Groupon will post -0.02 EPS for the current year.

In related news, insider James Sullivan sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $5.29, for a total transaction of $132,250.00. Following the completion of the sale, the insider now directly owns 350,919 shares of the company’s stock, valued at $1,856,361.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $5.77, for a total transaction of $8,655,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,545,000 shares of company stock valued at $8,901,450. Company insiders own 23.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. acquired a new stake in Groupon during the second quarter valued at approximately $116,000. Prudential Financial Inc. lifted its stake in Groupon by 157.7% during the second quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after purchasing an additional 19,408 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Groupon during the second quarter valued at approximately $122,000. New York State Teachers Retirement System acquired a new stake in Groupon during the third quarter valued at approximately $122,000. Finally, SG Americas Securities LLC lifted its stake in Groupon by 24.9% during the second quarter. SG Americas Securities LLC now owns 39,212 shares of the coupon company’s stock valued at $151,000 after purchasing an additional 7,813 shares during the last quarter. 60.01% of the stock is owned by institutional investors and hedge funds.

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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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