Groupon Inc (NASDAQ:GRPN)‘s stock had its “hold” rating reissued by Jefferies Group in a report issued on Tuesday. They currently have a $4.75 target price on the coupon company’s stock. Jefferies Group’s price target would indicate a potential downside of 11.38% from the company’s previous close.
Several hedge funds and institutional investors have recently added to or reduced their stakes in GRPN. Ladenburg Thalmann Financial Services Inc. increased its position in Groupon by 8.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,640 shares of the coupon company’s stock valued at $183,000 after buying an additional 3,465 shares during the period. Invictus RG increased its position in shares of Groupon by 79.9% in the first quarter. Invictus RG now owns 30,777 shares of the coupon company’s stock valued at $123,000 after buying an additional 13,670 shares during the last quarter. Legal & General Group Plc increased its position in shares of Groupon by 61.1% in the first quarter. Legal & General Group Plc now owns 36,479 shares of the coupon company’s stock valued at $145,000 after buying an additional 13,839 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Groupon during the first quarter valued at $107,000. Finally, BlackRock Inc. increased its position in shares of Groupon by 559.2% in the first quarter. BlackRock Inc. now owns 57,948 shares of the coupon company’s stock valued at $231,000 after buying an additional 49,158 shares during the last quarter.
A number of other analysts have also recently weighed in on the stock. Vetr cut shares of Groupon from a “hold” rating to a “sell” rating and set a $5.37 price objective on the stock. in a report on Monday, August 8th. Piper Jaffray Cos. raised shares of Groupon from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $4.00 to $6.00 in a report on Monday, July 18th. Evercore ISI reissued a “hold” rating and set a $4.00 price objective on shares of Groupon in a report on Tuesday, July 26th. Zacks Investment Research cut shares of Groupon from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Maxim Group initiated coverage on shares of Groupon in a report on Wednesday, June 22nd. They set a “buy” rating and a $5.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Groupon presently has an average rating of “Hold” and a consensus target price of $6.58.
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Groupon (NASDAQ:GRPN) traded up 3.17% during midday trading on Tuesday, hitting $5.53. 3,523,794 shares of the stock traded hands. The firm’s market cap is $3.18 billion. Groupon has a 12-month low of $2.15 and a 12-month high of $5.94. The company’s 50-day moving average is $5.05 and its 200 day moving average is $4.14.
Groupon (NASDAQ:GRPN) last issued its earnings results on Wednesday, July 27th. The coupon company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.01. During the same period last year, the business earned $0.02 EPS. The firm earned $756.03 million during the quarter, compared to analyst estimates of $710.94 million. The firm’s revenue was up 2.4% compared to the same quarter last year.
In other news, insider James Sullivan sold 20,000 shares of Groupon stock in a transaction on 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 transaction, the insider now owns 299,778 shares of the company’s stock, valued at approximately $1,741,710.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian Stevens sold 15,000 shares of Groupon stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $5.54, for a total value of $83,100.00. Following the transaction, 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.
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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