Groupon Inc. (NASDAQ:GRPN) had its target price lifted by Macquarie from $5.30 to $6.00 in a research report issued on Tuesday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the coupon company’s stock. Macquarie’s price objective would indicate a potential upside of 14.72% from the stock’s previous close.
GRPN has been the subject of several other research reports. Vetr upgraded shares of Groupon from a “sell” rating to a “buy” rating and set a $4.20 price objective for the company in a research report on Monday, July 18th. Boenning Scattergood began coverage on shares of Groupon in a research report on Thursday, September 29th. They set a “neutral” rating for the company. Jefferies Group restated a “hold” rating on shares of Groupon in a research report on Monday, July 11th. B. Riley restated a “neutral” rating and set a $4.50 price objective on shares of Groupon in a research report on Tuesday, August 2nd. Finally, Goldman Sachs Group Inc. raised their price objective on shares of Groupon from $4.10 to $4.40 and gave the company a “neutral” rating in a research report on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $6.53.
Groupon (NASDAQ:GRPN) traded up 1.7227% during midday trading on Tuesday, reaching $5.3201. 1,199,591 shares of the company were exchanged. Groupon has a 52-week low of $2.15 and a 52-week high of $5.94. The stock’s market capitalization is $3.06 billion. The firm’s 50-day moving average price is $5.35 and its 200 day moving average price is $4.27.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings data 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. Groupon had a negative net margin of 5.71% and a negative return on equity of 14.95%. The company earned $756.03 million during the quarter, compared to analyst estimates of $710.94 million. During the same quarter last year, the firm posted $0.02 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts predict that Groupon will post $0.00 earnings per share for the current year.
In other Groupon news, Director Peter J. Barris sold 730,349 shares of Groupon stock in a transaction on Friday, August 12th. The stock was sold at an average price of $5.69, for a total transaction of $4,155,685.81. Following the completion of the transaction, the director now directly owns 116,923 shares of the company’s stock, valued at $665,291.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider James Sullivan sold 20,000 shares of Groupon stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $5.81, for a total value of $116,200.00. Following the transaction, the insider now directly owns 299,778 shares of the company’s stock, valued at $1,741,710.18. The disclosure for this sale can be found here. Company insiders own 23.86% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of Groupon by 1.9% in the first quarter. Renaissance Technologies LLC now owns 12,645,900 shares of the coupon company’s stock worth $50,457,000 after buying an additional 240,700 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Groupon by 17.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 634,462 shares of the coupon company’s stock worth $2,062,000 after buying an additional 92,859 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Groupon by 17.3% in the second quarter. Acadian Asset Management LLC now owns 1,200,366 shares of the coupon company’s stock worth $3,902,000 after buying an additional 177,009 shares during the last quarter. BlackRock Inc. boosted 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 worth $231,000 after buying an additional 49,158 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of Groupon during the first quarter worth about $107,000. 54.60% of the stock is owned by institutional investors.
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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