Vetr Upgrades Groupon (GRPN) to Buy
Groupon (NASDAQ:GRPN) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a report issued on Monday. The brokerage currently has a $6.09 price objective on the coupon company’s stock. Vetr‘s target price would indicate a potential upside of 6.65% from the stock’s current price.
A number of other equities research analysts also recently commented on GRPN. B. Riley reissued a “buy” rating and issued a $5.50 target price on shares of Groupon in a report on Tuesday, August 8th. Barclays reissued an “underweight” rating and issued a $3.85 target price (up previously from $3.40) on shares of Groupon in a report on Wednesday, August 9th. Wedbush reissued a “positive” rating and issued a $4.08 target price (down previously from $4.50) on shares of Groupon in a report on Wednesday, August 23rd. Piper Jaffray Companies reissued a “buy” rating and issued a $5.50 target price on shares of Groupon in a report on Thursday, September 21st. Finally, DA Davidson initiated coverage on Groupon in a report on Friday, September 22nd. They issued a “buy” rating and a $5.00 target price for the company. Six analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $4.99.
Shares of Groupon (GRPN) opened at $5.71 on Monday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.86 and a current ratio of 0.86. Groupon has a fifty-two week low of $2.90 and a fifty-two week high of $5.99.
In related news, CAO Brian Stevens sold 20,000 shares of Groupon stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $5.71, for a total transaction of $114,200.00. Following the completion of the sale, the chief accounting officer now owns 222,354 shares in the company, valued at approximately $1,269,641.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $4.39, for a total value of $6,585,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,570,000 shares of company stock valued at $6,953,950. 23.40% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Aperio Group LLC increased its position in Groupon by 4.6% during the 2nd quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after purchasing an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Groupon in the 2nd quarter valued at about $116,000. Prudential Financial Inc. grew its holdings in Groupon by 157.7% in the 2nd quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock valued at $122,000 after buying an additional 19,408 shares during the period. ProShare Advisors LLC purchased a new stake in Groupon in the 2nd quarter valued at about $122,000. Finally, New York State Teachers Retirement System purchased a new stake in Groupon in the 3rd quarter valued at about $122,000. Hedge funds and other institutional investors own 60.04% of the company’s stock.
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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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