Groupon Upgraded to Neutral by UBS AG (GRPN)

Groupon (NASDAQ:GRPN) was upgraded by equities research analysts at UBS AG from a “sell” rating to a “neutral” rating in a research note issued to investors on Thursday, reports. The firm currently has a GBX 11 ($0.17) price objective on the stock, up from their previous price objective of GBX 6 ($0.09).

Shares of Groupon (NASDAQ:GRPN) traded up 26.72% during mid-day trading on Thursday, hitting $11.05. Groupon has a one year low of $2.60 and a one year high of $9.43. The stock’s 50-day moving average is currently $8.63. The company’s market cap is $7.310 billion.

Groupon (NASDAQ:GRPN) last announced its earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $608.70 million for the quarter, compared to the consensus estimate of $606.23 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that Groupon will post $0.17 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Evercore Partners upgraded shares of Groupon from an “underweight” rating to an “equal weight” rating in a research note to investors on Friday, August 2nd. They now have a $8.00 price target on the stock, up previously from $6.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Groupon in a research note to investors on Monday, July 15th. They now have a $10.00 price target on the stock. Finally, analysts at Wunderlich initiated coverage on shares of Groupon in a research note to investors on Tuesday, July 2nd. They set a “buy” rating and a $11.00 price target on the stock.

Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $8.62.

In other Groupon news, Director Bradley A. Keywell sold 500,000 shares of the stock on the open market in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $8.94, for a total value of $4,470,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Groupon, Inc offers online retail services. The Company provides daily deal on the stuff to do, eat, see and buy in more than 500 markets in 44 countries.

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