Groupon Stock Rating Reaffirmed by Deutsche Bank (GRPN)

Share on StockTwits

Groupon (NASDAQ:GRPN)‘s stock had its “positive” rating reaffirmed by Deutsche Bank in a research note issued on Thursday, Analyst Ratings Net reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Groupon from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $6.70 price target on the stock. Separately, analysts at UBS AG cut their EPS estimates on shares of Groupon in a research note on Monday. They now have a “neutral” rating and a $8.75 price target on the stock. They previously had a $11.00 price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Groupon in a research note on Friday, February 21st. They now have a $10.00 price target on the stock. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $10.41.

In other Groupon news, Director Theodore Leonsis sold 19,750 shares of the stock on the open market in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $10.34, for a total transaction of $204,215.00. Following the transaction, the director now directly owns 793,546 shares in the company, valued at approximately $8,205,266. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Groupon (NASDAQ:GRPN) traded up 3.78% during mid-day trading on Thursday, hitting $8.572. The stock had a trading volume of 10,886,306 shares. Groupon has a 52 week low of $4.24 and a 52 week high of $12.76. The stock has a 50-day moving average of $10.40 and a 200-day moving average of $10.51. The company’s market cap is $5.689 billion. Groupon also was the recipient of a large increase in short interest in January. As of February 14th, there was short interest totalling 40,652,088 shares, an increase of 11.3% from the January 31st total of 36,534,047 shares. Currently, 9.0% of the company’s shares are sold short. Based on an average trading volume of 14,253,962 shares, the short-interest ratio is currently 2.9 days.

Groupon (NASDAQ:GRPN) last announced its earnings results on Thursday, February 20th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $768.40 million for the quarter, compared to the consensus estimate of $718.04 million. On average, analysts predict that Groupon will post $0.11 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.

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

Latest News

BBCN Bancorp Inc Declares Quarterly Dividend of $0.10
BBCN Bancorp Inc Declares Quarterly Dividend of $0.10
Investment Analysts’ Weekly Ratings Changes for Polymetal International PLC
Investment Analysts’ Weekly Ratings Changes for Polymetal International PLC
Traders Purchase Large Volume of SAP SE Put Options
Traders Purchase Large Volume of SAP SE Put Options
SandRidge Permian Trust Target of Unusually Large Options Trading
SandRidge Permian Trust Target of Unusually Large Options Trading
Textron Stock Price Up 10.8% After Earnings Beat
Textron Stock Price Up 10.8% After Earnings Beat
Insider Buying: Peter Robert Chapman Buys 3,500 Shares of Great Western Bancorp Stock
Insider Buying: Peter Robert Chapman Buys 3,500 Shares of Great Western Bancorp Stock


Leave a Reply

 
Advertisement
Advertisement
© 2006-2014 Mideast Time.