Groupon Stock Rating Reaffirmed by Deutsche Bank (GRPN)

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Groupon (NASDAQ:GRPN)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a $8.50 target price on the stock. Deutsche Bank’s price objective indicates a potential upside of 9.96% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley initiated coverage on shares of Groupon in a research note on Wednesday, February 25th. They set an “equal weight” rating and a $9.00 price target on the stock. Analysts at Sterne Agee set a $12.00 price target on shares of Groupon and gave the company a “buy” rating in a research note on Wednesday, February 25th. Analysts at Credit Suisse initiated coverage on shares of Groupon in a research note on Friday, February 13th. They set a “hold” rating and a $8.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Groupon from $7.00 to $8.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. Ten analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.85.

In other Groupon news, Director Theodore Leonsis sold 19,750 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $7.78, for a total value of $153,655.00. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of Groupon (NASDAQ:GRPN) traded up 0.39% on Wednesday, hitting $7.77. The stock had a trading volume of 709,629 shares. Groupon has a one year low of $5.18 and a one year high of $8.50. The stock has a 50-day moving average of $7. and a 200-day moving average of $7.. The company’s market cap is $5.25 billion.

Groupon (NASDAQ:GRPN) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.03. The company had revenue of $925.42 million for the quarter, compared to the consensus estimate of $910.23 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, analysts predict that Groupon will post $0.15 earnings per share for the current fiscal year.

Groupon, Inc (NASDAQ:GRPN) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount. Each day the Company e-mails its subscribers discounted offers for goods and services that are targeted by location and personal preferences.

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