BidaskClub cut shares of Groupon (NASDAQ:GRPN) from a hold rating to a sell rating in a report issued on Saturday, February 17th.
A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Groupon from a hold rating to a strong-buy rating and set a $6.25 price target for the company in a report on Monday, November 6th. TheStreet upgraded shares of Groupon from a d rating to a c- rating in a research report on Thursday, November 2nd. Goldman Sachs Group upgraded shares of Groupon from a sell rating to a neutral rating and set a $5.40 price objective for the company in a research report on Wednesday, January 17th. Citigroup upped their price objective on shares of Groupon from $5.00 to $5.50 and gave the stock a neutral rating in a research report on Thursday, November 2nd. Finally, Vetr cut shares of Groupon from a strong-buy rating to a strong sell rating and set a $3.68 price objective for the company. in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Groupon has an average rating of Hold and a consensus target price of $5.06.
Shares of Groupon (GRPN) traded down $0.08 during trading on Friday, hitting $4.55. 6,319,443 shares of the stock were exchanged, compared to its average volume of 9,984,025. Groupon has a 12 month low of $2.90 and a 12 month high of $5.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $2,550.00, a P/E ratio of 227.50, a PEG ratio of 20.91 and a beta of 1.61.
In other Groupon news, Director Eric P. Lefkofsky sold 1,500,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.60, for a total value of $6,900,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brian Stevens sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $4.61, for a total transaction of $69,150.00. Following the completion of the transaction, the chief accounting officer now owns 232,751 shares of the company’s stock, valued at $1,072,982.11. The disclosure for this sale can be found here. Corporate insiders own 23.40% of the company’s stock.
Several large investors have recently bought and sold shares of GRPN. Paloma Partners Management Co bought a new stake in shares of Groupon in the 4th quarter valued at $110,000. Ameritas Investment Partners Inc. bought a new stake in shares of Groupon in the 2nd quarter valued at $116,000. New York State Teachers Retirement System bought a new stake in shares of Groupon in the 3rd quarter valued at $122,000. US Bancorp DE bought a new stake in shares of Groupon in the 4th quarter valued at $133,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Groupon in the 4th quarter valued at $153,000. 63.58% of the stock is currently owned by institutional investors.
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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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