Groupon (GRPN) Price Target Lowered to $5.00 at JPMorgan Chase & Co.
Groupon (NASDAQ:GRPN) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $6.00 to $5.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “neutral” rating on the coupon company’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 6.16% from the company’s current price.
Other analysts have also recently issued research reports about the stock. Piper Jaffray Companies reiterated a “buy” rating and issued a $6.25 price objective on shares of Groupon in a research note on Monday, November 20th. B. Riley reissued a “buy” rating and issued a $6.30 target price on shares of Groupon in a report on Thursday, November 2nd. DA Davidson reissued a “buy” rating and issued a $6.50 target price on shares of Groupon in a report on Thursday, November 2nd. Vetr raised shares of Groupon from a “hold” rating to a “buy” rating and set a $6.09 target price on the stock in a report on Monday, December 4th. Finally, TheStreet raised shares of Groupon from a “d” rating to a “c-” rating in a report on Thursday, November 2nd. Six analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.06.
Shares of Groupon (GRPN) traded down $0.49 during trading on Thursday, reaching $4.71. 46,816,797 shares of the company’s stock traded hands, compared to its average volume of 10,462,567. Groupon has a twelve month low of $2.90 and a twelve month high of $5.99. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. The firm has a market cap of $2,620.00, a PE ratio of 235.50, a price-to-earnings-growth ratio of 27.37 and a beta of 1.47.
In related news, Director Eric P. Lefkofsky sold 1,500,000 shares of Groupon stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $5.77, for a total transaction of $8,655,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Brian Stevens sold 20,000 shares of Groupon stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $5.71, for a total transaction of $114,200.00. Following the sale, the chief accounting officer now directly owns 222,354 shares in the company, valued at $1,269,641.34. The disclosure for this sale can be found here. Insiders own 23.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in GRPN. Wells Fargo & Company MN grew its holdings in shares of Groupon by 23.7% during the 2nd quarter. Wells Fargo & Company MN now owns 631,926 shares of the coupon company’s stock valued at $2,427,000 after purchasing an additional 121,129 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Groupon by 306.9% during the 2nd quarter. Alliancebernstein L.P. now owns 430,030 shares of the coupon company’s stock valued at $1,651,000 after purchasing an additional 324,356 shares during the last quarter. Nationwide Fund Advisors bought a new stake in shares of Groupon during the 2nd quarter valued at approximately $1,093,000. Vanguard Group Inc. grew its holdings in shares of Groupon by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,453,440 shares of the coupon company’s stock valued at $124,620,000 after purchasing an additional 2,430,907 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in shares of Groupon by 6.6% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,215,797 shares of the coupon company’s stock valued at $4,669,000 after purchasing an additional 74,819 shares during the last quarter. 59.81% of the stock is currently owned by institutional investors.
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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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