Groupon Stock Rating Reaffirmed by Deutsche Bank (GRPN)

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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.

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