Barrington Research upgraded shares of Groupon (NASDAQ:GRPN) from a market perform rating to an outperform rating in a research report released on Monday morning, TheFlyOnTheWall.com reports.
Groupon (NASDAQ:GRPN) traded down 1.38% during mid-day trading on Monday, hitting $10.38. 24,418,528 shares of the company’s stock traded hands. Groupon has a 52 week low of $2.60 and a 52 week high of $12.76. The stock’s 50-day moving average is $11.04 and its 200-day moving average is $8.42. The company’s market cap is $6.908 billion. Groupon also was the recipient of some unusual options trading on Monday. Traders bought 41,326 call options on the company. This represents an increase of 140% compared to the average daily volume of 17,210 call options.
Groupon (NASDAQ:GRPN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.04 earnings per share. Groupon’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that Groupon will post $0.12 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus upgraded shares of Groupon from a hold rating to a buy rating in a research note to investors on Thursday, September 19th. They now have a $16.00 price target on the stock, down previously from $84.00. Separately, analysts at Morgan Stanley upgraded shares of Groupon from an equal weight rating to an overweight rating in a research note to investors on Thursday, September 5th. They now have a $14.00 price target on the stock, up previously from $11.00. Finally, analysts at Goldman Sachs Group Inc. reiterated a buy rating on shares of Groupon in a research note to investors on Friday, August 16th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company. Groupon currently has a consensus rating of Hold and an average target price of $9.84.
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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