Groupon, Inc. (GRPN) Price Target Increased to $3.60 by Analysts at Morgan Stanley
Groupon, Inc. (NASDAQ:GRPN) had its price target boosted by Morgan Stanley from $3.40 to $3.60 in a research report sent to investors on Thursday morning. The firm currently has an underweight rating on the coupon company’s stock.
Other analysts also recently issued reports about the stock. B. Riley reiterated a buy rating and issued a $6.30 price target on shares of Groupon in a research report on Thursday. Citigroup Inc. increased their price target on shares of Groupon from $5.00 to $5.50 and gave the company a neutral rating in a research report on Thursday. DA Davidson reiterated a buy rating and issued a $6.50 price target on shares of Groupon in a research report on Thursday. Vetr downgraded shares of Groupon from a strong-buy rating to a strong sell rating and set a $3.68 price target on the stock. in a research report on Thursday. Finally, Piper Jaffray Companies reiterated an overweight rating and issued a $6.25 price target (up from $5.50) on shares of Groupon in a research report on Wednesday. Seven investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $4.79.
Groupon (NASDAQ:GRPN) traded up $0.19 during trading on Thursday, reaching $5.46. 13,366,546 shares of the company’s stock were exchanged, compared to its average volume of 8,895,454. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.83 and a current ratio of 0.86. Groupon has a 52 week low of $2.90 and a 52 week high of $5.49.
Groupon (NASDAQ:GRPN) last released its earnings results on Wednesday, November 1st. The coupon company reported $0.01 earnings per share (EPS) for the quarter. Groupon had a negative net margin of 2.97% and a negative return on equity of 1.47%. The company had revenue of $634.46 million for the quarter, compared to the consensus estimate of $642.62 million. During the same period in the prior year, the company posted ($0.01) EPS. The company’s revenue was down 7.6% compared to the same quarter last year. analysts forecast that Groupon will post -0.04 earnings per share for the current year.
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In other Groupon news, insider James Sullivan sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $4.90, for a total transaction of $122,500.00. Following the completion of the sale, the insider now owns 353,524 shares of the company’s stock, valued at approximately $1,732,267.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian Stevens sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $4.04, for a total value of $40,400.00. Following the sale, the chief accounting officer now directly owns 215,696 shares of the company’s stock, valued at approximately $871,411.84. The disclosure for this sale can be found here. Insiders sold 2,872,719 shares of company stock valued at $12,375,267 over the last three months. 23.40% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in GRPN. Karp Capital Management Corp acquired a new stake in Groupon during the 1st quarter valued at $108,000. Aperio Group LLC lifted its holdings in Groupon by 4.6% during the 2nd 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 during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Groupon during the 2nd quarter valued at $116,000. Prudential Financial Inc. lifted its holdings in Groupon by 157.7% during the 2nd 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. Finally, ProShare Advisors LLC acquired a new stake in Groupon during the 2nd quarter valued at $122,000. 55.39% of the stock is owned by institutional investors and hedge funds.
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).
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