Groupon (NASDAQ:GRPN – Get Free Report) was upgraded by equities researchers at Northland Capmk to a “strong-buy” rating in a research note issued to investors on Wednesday, Zacks.com reports.
Several other equities research analysts have also issued reports on the stock. Roth Mkm reissued a “buy” rating and issued a $28.00 price target on shares of Groupon in a report on Tuesday, April 16th. StockNews.com raised shares of Groupon from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Finally, Northland Securities assumed coverage on shares of Groupon in a report on Wednesday. They issued an “outperform” rating and a $22.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.30.
View Our Latest Analysis on GRPN
Groupon Price Performance
Groupon (NASDAQ:GRPN – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The coupon company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.19. The business had revenue of $123.08 million during the quarter, compared to the consensus estimate of $118.37 million. During the same period last year, the firm earned ($0.70) EPS. Analysts anticipate that Groupon will post 0.02 earnings per share for the current year.
Institutional Investors Weigh In On Groupon
Several large investors have recently made changes to their positions in GRPN. Wolf Hill Capital Management LP bought a new stake in shares of Groupon in the 1st quarter worth about $17,897,000. Pale Fire Capital SE grew its holdings in Groupon by 4.8% during the 4th quarter. Pale Fire Capital SE now owns 7,040,410 shares of the coupon company’s stock worth $90,399,000 after acquiring an additional 323,344 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Groupon during the 1st quarter worth about $711,000. Jacobs Levy Equity Management Inc. bought a new stake in Groupon during the 1st quarter worth about $575,000. Finally, Swiss National Bank bought a new stake in Groupon during the 4th quarter worth about $475,000. Institutional investors own 90.05% of the company’s stock.
About Groupon
Groupon, Inc, together with its subsidiaries, operates a marketplace that connects consumers to merchants. It operates in two segments, North America and International. The company sells goods or services on behalf of third-party merchants. It serves customers through its mobile applications and websites.
Featured Articles
- Five stocks we like better than Groupon
- What is Forex and How Does it Work?
- This Stock’s Price Shifts Into High Gear With Analyst Upgrades
- NYSE Stocks Give Investors a Variety of Quality OptionsĀ
- AI Boosts Glass Tech Leader Stock: Shares Up 75% and More to Come
- Canadian Penny Stocks: Can They Make You Rich?
- AI Partnership Boosts This Top Tech Stock: Ready for More Gains?
Receive News & Ratings for Groupon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Groupon and related companies with MarketBeat.com's FREE daily email newsletter.