Groupon Inc (NASDAQ:GRPN) has received an average recommendation of “Hold” from the twenty-five ratings firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $5.02.
A number of equities research analysts have recently issued reports on the stock. Citigroup Inc. upped their target price on shares of Groupon from $5.00 to $5.50 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Gabelli began coverage on shares of Groupon in a research report on Tuesday, October 17th. They set a “buy” rating and a $7.00 price target on the stock. Barclays PLC reissued an “underweight” rating and set a $3.85 price target (up previously from $3.40) on shares of Groupon in a research report on Wednesday, August 9th. BidaskClub raised shares of Groupon from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, B. Riley reissued a “buy” rating and set a $5.50 price target on shares of Groupon in a research report on Tuesday, August 8th.
Shares of Groupon (NASDAQ GRPN) opened at $5.72 on Monday. Groupon has a 1-year low of $2.90 and a 1-year high of $5.76. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.86 and a current ratio of 0.86.
In other news, Director Eric P. Lefkofsky sold 750,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $4.40, for a total transaction of $3,300,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James Sullivan sold 25,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $5.29, for a total transaction of $132,250.00. Following the sale, the insider now directly owns 350,919 shares in the company, valued at approximately $1,856,361.51. The disclosure for this sale can be found here. Insiders sold 2,300,000 shares of company stock worth $10,139,750 in the last ninety days. 23.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of GRPN. Aperio Group LLC lifted its position in shares of Groupon by 4.6% during the second quarter. Aperio Group LLC now owns 28,844 shares of the coupon company’s stock worth $111,000 after purchasing an additional 1,268 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Groupon during the second quarter worth about $116,000. Prudential Financial Inc. lifted its position in shares of Groupon by 157.7% during the second quarter. Prudential Financial Inc. now owns 31,713 shares of the coupon company’s stock worth $122,000 after purchasing an additional 19,408 shares in the last quarter. ProShare Advisors LLC acquired a new stake in shares of Groupon during the second quarter worth about $122,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Groupon during the third quarter worth about $122,000. 55.44% of the stock is currently owned by institutional investors and hedge funds.
Groupon Company Profile
Groupon, Inc operates online local commerce marketplaces around 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, and the Middle East and Africa, and the remainder of its international operations (Rest of World).
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