Groupon, Inc. (NASDAQ:GRPN)‘s stock had its “positive” rating reiterated by Wedbush in a report released on Wednesday. They presently have a $4.08 target price on the coupon company’s stock, down from their prior target price of $4.50.

A number of other research analysts have also recently issued reports on the company. Barclays PLC reissued an “underweight” rating and issued a $3.85 target price (up from $3.40) on shares of Groupon in a research note on Wednesday, August 9th. B. Riley reissued a “buy” rating and issued a $5.50 target price on shares of Groupon in a research note on Tuesday, August 8th. UBS AG reissued a “sell” rating and issued a $3.10 target price (up from $2.85) on shares of Groupon in a research note on Thursday, August 3rd. BidaskClub raised Groupon from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Groupon in a research note on Thursday, August 3rd. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $4.57.

Groupon (GRPN) opened at 4.08 on Wednesday. The company has a 50-day moving average of $3.89 and a 200-day moving average of $3.74. The stock’s market capitalization is $2.27 billion. Groupon has a 52-week low of $2.90 and a 52-week high of $5.65.

Groupon (NASDAQ:GRPN) last released its quarterly earnings data on Wednesday, August 2nd. The coupon company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.06. The business had revenue of $662.60 million during the quarter, compared to the consensus estimate of $668.84 million. Groupon had a negative return on equity of 13.08% and a negative net margin of 4.16%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Equities research analysts expect that Groupon will post $0.12 EPS for the current year.

TRADEMARK VIOLATION WARNING: This report was first published by Watch List News and is owned by of Watch List News. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.watchlistnews.com/groupon-inc-grpn-given-positive-rating-at-wedbush/1517708.html.

In related news, insider James Sullivan sold 25,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $3.96, for a total transaction of $99,000.00. Following the sale, the insider now owns 343,353 shares in the company, valued at $1,359,677.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian Stevens sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $3.15, for a total value of $31,500.00. Following the sale, the chief accounting officer now owns 204,141 shares in the company, valued at approximately $643,044.15. The disclosure for this sale can be found here. Insiders have sold 879,071 shares of company stock worth $3,214,177 in the last quarter. 23.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in GRPN. HRT Financial LLC raised its stake in Groupon by 50.8% in the first quarter. HRT Financial LLC now owns 51,080 shares of the coupon company’s stock valued at $200,000 after buying an additional 17,204 shares during the last quarter. Swiss National Bank raised its stake in Groupon by 2.1% in the first quarter. Swiss National Bank now owns 708,866 shares of the coupon company’s stock valued at $2,786,000 after buying an additional 14,800 shares during the last quarter. TLP Group LLC bought a new stake in Groupon during the first quarter valued at about $384,000. Wells Fargo & Company MN raised its stake in Groupon by 177.5% in the first quarter. Wells Fargo & Company MN now owns 510,797 shares of the coupon company’s stock valued at $2,008,000 after buying an additional 326,756 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Groupon by 6.8% in the first quarter. Geode Capital Management LLC now owns 3,145,124 shares of the coupon company’s stock valued at $12,360,000 after buying an additional 200,246 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

About Groupon

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)

Receive News & Ratings for Groupon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.