Wedbush restated their positive rating on shares of Groupon, Inc. (NASDAQ:GRPN) in a research report sent to investors on Wednesday. The firm currently has 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 firms have also recently commented on GRPN. UBS AG restated a sell rating and issued a $3.10 price objective (up from $2.85) on shares of Groupon in a research report on Thursday, August 3rd. B. Riley restated a buy rating and issued a $5.50 price objective on shares of Groupon in a research report on Thursday, August 3rd. Cowen and Company restated a sell rating and issued a $3.50 price objective on shares of Groupon in a research report on Thursday, August 3rd. Credit Suisse Group restated a neutral rating on shares of Groupon in a research report on Thursday, August 3rd. Finally, BidaskClub upgraded Groupon from a sell rating to a hold rating in a research report on Thursday, August 3rd. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $4.57.

Groupon (NASDAQ GRPN) traded down 0.25% during midday trading on Wednesday, reaching $4.07. The company’s stock had a trading volume of 3,621,510 shares. The stock’s market capitalization is $2.26 billion. The firm has a 50-day moving average price of $3.92 and a 200 day moving average price of $3.76. Groupon has a 52-week low of $2.90 and a 52-week high of $5.55.

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

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In other Groupon news, insider James Sullivan sold 25,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $3.96, for a total transaction of $99,000.00. Following the transaction, the insider now owns 343,353 shares of the company’s stock, valued at $1,359,677.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter J. Barris sold 281,352 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $3.04, for a total value of $855,310.08. Following the transaction, the director now directly owns 116,923 shares in the company, valued at approximately $355,445.92. The disclosure for this sale can be found here. Insiders have sold 889,071 shares of company stock worth $3,254,577 in the last three months. 23.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its position in shares of Groupon by 43.4% in the second quarter. First Trust Advisors LP now owns 16,324,191 shares of the coupon company’s stock valued at $62,685,000 after buying an additional 4,937,648 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Groupon during the first quarter valued at approximately $18,078,000. State Street Corp raised its position in shares of Groupon by 38.2% in the second quarter. State Street Corp now owns 8,827,043 shares of the coupon company’s stock valued at $33,898,000 after buying an additional 2,440,783 shares during the period. Vanguard Group Inc. raised its position in shares of Groupon by 8.1% in the second quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock valued at $124,620,000 after buying an additional 2,430,907 shares during the period. Finally, Bogle Investment Management L P DE acquired a new position in shares of Groupon during the first quarter valued at approximately $8,941,000. 57.64% of the stock is currently owned by institutional investors.

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)

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