Groupon (NASDAQ:GRPN) last announced its quarterly earnings results on Wednesday, February 15th. Finally, Royal Bank of Canada increased their target price on shares of Groupon from $4.00 to $5.00 and gave the stock a "sector perform" rating in a report on Thursday, February 16th.
The company now has an insider ownership of 1.2 Percent and Institutional ownership of 51.6 Percent.
In other news, insider James Sullivan sold 25,000 shares of the firm's stock in a transaction dated Thursday, September 28th.
Groupon, Inc. has a 12-month low of $2.90 and a 12-month high of $5.67. Voya Investment Management LLC now owns 152,428 shares of the coupon company's stock worth $585,000 after acquiring an additional 2,911 shares during the period. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.99. Groupon Inc (NASDAQ:GRPN) has declined 2.35% since November 17, 2016 and is downtrending. The coupon company reported $0.01 earnings per share for the quarter. The company had revenue of $634.46 million for the quarter, compared to analyst estimates of $642.62 million. Groupon had a negative return on equity of 1.47% and a negative net margin of 2.97%. The business's revenue was down 7.6% compared to the same quarter past year. During the same quarter in the previous year, the company earned ($0.01) EPS. $854,100 worth of Groupon Inc (NASDAQ:GRPN) was sold by BARRIS PETER J on Friday, June 9. Prudential Financial Inc. now owns 31,713 shares of the coupon company's stock valued at $122,000 after purchasing an additional 19,408 shares during the period. If you are reading this story on another site, it was copied illegally and reposted in violation of USA and worldwide copyright law. Finally, The Goldman Sachs Group, Inc. reaffirmed a "sell" rating and set a $4.70 target price on shares of Groupon in a research report on Wednesday, October 11th. Loop Capital initiated the shares of GRPN in report on Wednesday, September 14 with "Hold" rating.
On November 2 B. Riley made no change to the stock rating of "Buy" projecting a price of $6.30. They issued a "buy" rating and a $5.00 target price for the company. They issued a "buy" rating and a $7.00 target price for the company. Vetr upgraded shares of Groupon from a "hold" rating to a "buy" rating and set a $4.67 target price for the company in a report on Thursday. The stock's 50-day moving average is $3.74 and its 200 day moving average is $4.41.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Profund Advisors LLC now holds 339,452 shares valued at $1,765,000. Karp Capital Management Corp acquired a new stake in shares of Groupon during the 1st quarter worth about $108,000. SG Americas Securities LLC increased its position in shares of Groupon by 6.8% during the 1st quarter.
Baker Avenue Asset Management Lp, which manages about $1.13 billion and $753.24M US Long portfolio, decreased its stake in On Deck Cap Inc Com by 85,000 shares to 15,802 shares, valued at $74,000 in 2017Q2, according to the filing. Aperio Group LLC grew its stake in Groupon by 4.6% during the 2nd quarter. The value of the investment in (GRPN) increased from $1,009,000 to $1,275,000 a change of 26.4% since the last quarter. Pictet Asset Management Ltd. purchased a new position in Groupon during the third quarter worth about $37,704,000. Following the sale, the chief accounting officer now directly owns 215,696 shares in the company, valued at approximately $871,411.84.
Groupon, Inc. operates online local commerce marketplaces around the world that connect merchants to clients 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 global operations (Rest of World).