Wedbush Analysts Give Groupon, Inc. (GRPN) a $5.00 Price Target
Several other analysts have also recently issued reports on GRPN. B. Riley restated a neutral rating and set a $4.50 price objective on shares of Groupon in a research note on Tuesday, November 1st. Piper Jaffray Companies reiterated an overweight rating and set a $6.50 price target on shares of Groupon in a research report on Friday, October 28th. RBC Capital Markets reiterated an underperform rating and set a $4.00 price target on shares of Groupon in a research report on Friday, October 28th. Royal Bank Of Canada reiterated a sector perform rating and set a $4.00 price target on shares of Groupon in a research report on Tuesday, January 3rd. Finally, Evercore ISI reiterated a hold rating and set a $5.00 price target on shares of Groupon in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $5.04.
Groupon (NASDAQ:GRPN) opened at 4.63 on Tuesday. The company’s 50-day moving average price is $3.58 and its 200 day moving average price is $4.44. The firm’s market capitalization is $2.66 billion. Groupon has a one year low of $2.92 and a one year high of $5.94.
Groupon (NASDAQ:GRPN) last announced its quarterly earnings data on Wednesday, February 15th. The coupon company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Groupon had a negative return on equity of 29.46% and a negative net margin of 6.03%. The firm had revenue of $934.90 million for the quarter, compared to analysts’ expectations of $914.17 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Groupon’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts forecast that Groupon will post ($0.01) earnings per share for the current year.
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In related news, insider James Sullivan sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $3.50, for a total value of $70,000.00. Following the completion of the transaction, the insider now directly owns 309,682 shares of the company’s stock, valued at approximately $1,083,887. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian Stevens sold 10,000 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $4.11, for a total value of $41,100.00. Following the completion of the transaction, the chief accounting officer now directly owns 163,065 shares of the company’s stock, valued at $670,197.15. The disclosure for this sale can be found here. Corporate insiders own 23.86% of the company’s stock.
A number of institutional investors have recently modified their holdings of GRPN. Vanguard Group Inc. raised its position in shares of Groupon by 0.3% in the second quarter. Vanguard Group Inc. now owns 28,272,685 shares of the coupon company’s stock worth $91,887,000 after buying an additional 97,566 shares during the last quarter. Morgan Stanley raised its position in shares of Groupon by 44.5% in the third quarter. Morgan Stanley now owns 7,461,022 shares of the coupon company’s stock worth $38,425,000 after buying an additional 2,299,150 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of Groupon by 81.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 7,108,667 shares of the coupon company’s stock worth $36,609,000 after buying an additional 3,183,938 shares during the last quarter. State Street Corp raised its position in shares of Groupon by 6.2% in the fourth quarter. State Street Corp now owns 6,593,331 shares of the coupon company’s stock worth $21,890,000 after buying an additional 386,179 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of Groupon during the third quarter worth about $30,647,000. 59.44% of the stock is owned by hedge funds and other institutional investors.
Groupon, Inc operates online local commerce marketplaces throughout 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, the Middle East and Africa, and international operations (Rest of World).
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