Groupon, Inc. (GRPN) Given Positive Rating at Wedbush
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.
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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.
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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