Analysts Set Groupon Inc. (NASDAQ:GRPN) PT at $6.92
Groupon Inc. (NASDAQ:GRPN) has been given a consensus recommendation of “Hold” by the twenty-five ratings firms that are presently covering the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $6.92.
A number of brokerages have weighed in on GRPN. Macquarie lifted their target price on Groupon from $5.30 to $6.00 and gave the company an “outperform” rating in a research report on Tuesday. Boenning Scattergood began coverage on Groupon in a research report on Thursday, September 29th. They set a “neutral” rating for the company. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $5.00 target price on shares of Groupon in a research report on Tuesday, September 27th. Loop Capital began coverage on Groupon in a research report on Tuesday, September 13th. They set a “hold” rating and a $6.00 target price for the company. Finally, Jefferies Group reaffirmed a “hold” rating and set a $4.75 target price on shares of Groupon in a research report on Tuesday, September 6th.
Groupon (NASDAQ:GRPN) opened at 5.15 on Wednesday. Groupon has a one year low of $2.15 and a one year high of $5.94. The company’s market capitalization is $2.96 billion. The stock’s 50 day moving average price is $5.30 and its 200-day moving average price is $4.30.
Groupon (NASDAQ:GRPN) last issued its quarterly earnings results on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. Groupon had a negative return on equity of 14.95% and a negative net margin of 5.71%. The firm earned $756.03 million during the quarter, compared to analyst estimates of $710.94 million. During the same period last year, the company earned $0.02 EPS. Groupon’s quarterly revenue was up 2.4% compared to the same quarter last year.
In other Groupon news, insider James Sullivan sold 20,000 shares of Groupon stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $5.81, for a total transaction of $116,200.00. Following the completion of the sale, the insider now owns 299,778 shares of the company’s stock, valued at approximately $1,741,710.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Brian Stevens sold 15,000 shares of Groupon stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $5.54, for a total value of $83,100.00. Following the sale, the chief accounting officer now directly owns 147,521 shares of the company’s stock, valued at approximately $817,266.34. The disclosure for this sale can be found here. Company insiders own 23.86% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Nomura Holdings Inc. boosted its stake in shares of Groupon by 156.1% in the second quarter. Nomura Holdings Inc. now owns 727,310 shares of the coupon company’s stock worth $2,361,000 after buying an additional 443,291 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Groupon by 80.0% in the second quarter. Royal Bank of Canada now owns 33,375 shares of the coupon company’s stock valued at $109,000 after buying an additional 14,829 shares during the period. Amalgamated Bank boosted its position in shares of Groupon by 9.8% in the second quarter. Amalgamated Bank now owns 58,455 shares of the coupon company’s stock valued at $344,000 after buying an additional 5,219 shares during the period. Legal & General Group Plc boosted its position in shares of Groupon by 3.8% in the second quarter. Legal & General Group Plc now owns 37,848 shares of the coupon company’s stock valued at $123,000 after buying an additional 1,369 shares during the period. Finally, Numeric Investors LLC bought a new position in shares of Groupon during the second quarter valued at about $415,000. 54.60% of the stock is owned by institutional investors.
Groupon Company Profile
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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