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.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Wednesday, February 14th. The coupon company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The business had revenue of $873.17 million during the quarter, compared to analyst estimates of $853.13 million. During the same quarter last year, the firm earned $0.07 EPS. Groupon’s revenue for the quarter was down 3.5% compared to the same quarter last year. equities analysts forecast that Groupon will post -0.02 EPS for the current year.

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.

TRADEMARK VIOLATION WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/02/15/groupon-grpn-price-target-lowered-to-5-00-at-jpmorgan-chase-co.html.

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).

Analyst Recommendations for Groupon (NASDAQ:GRPN)

Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.